Eighteen Apartments in a Purpose-Built Development
on a substantial plot of land
originally sold on 99 year leases from 1st January 2001
at a combined (rising) ground rent of £500 per annum
The ground rents double every 33 years
with the next review in thirteen years’
Thirteen of the Lease have been extended, thus
FIVE Leases have 78 YEARS remaining.
A Lessee owned Management Company Manages the Development and Insures in the joint name of the Landlord and the Management Company in an Insurance Office approved by the Landlord.
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
Section V Notices have not yet been served.
Copy documents held electronically: Executed Lease; List of Premium Extensions.
GUIDE PRICE: £20,000