The Freehold of Eighteen Apartments and Eighteen Garages
In three three-storey Blocks
all originally sold on 36 individual 99 year leases from 29th September 1971
The Apartment Ground Rents commenced at £30 per annum reviewed every twenty years to RPI.
The Garage Ground Rents are each fixed at £5 per annum.
The combined (rising) Ground Rent is £3,638.76 per annum.
Landlord covenants to Insure the Garages and recover costs as ADDITIONAL RENT. The Lessees covenant to Insure the Apartments in an Insurance Office Approved by the Landlord.
The Landlord has historically Insured the entire Development.
Sum Insured: £5,216,658. Premium: £5,225.93. Renewal: 1st June 2022
The Garages are sold on 18 individual Leases with a separate Headlease to College Avenue Management Limited which has 18 underleases to the 18 Apartments.
TEN APARTMENTS have 49 years left to run.
FOURTEEN GARAGES have 49 years left to run.
Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices are not required.
Copy documents held electronically: Executed Head Lease, Underlease & Garage; Insurance Summary of Cover; OCE’s for the Apartments; OCE’s for the Garages; Garage Deed of Variation; License to Assign; Marriage Valuation July 2018
GUIDE PRICE £450,000