Ten Apartments in a two storey Development in a private close
originally sold on 99-year leases from 29th September 1971
now at a combined (rising) ground rent of £1,299.96 per annum.
The ground rents are reviewed every 20 years to RPI.
THE NEXT REVIEW IS IN EIGHT YEARS
TWO LEASES WITH 48 YEARS LEFT TO RUN
There is a Head Lease from the Freehold to a Management Company
With Ten Under Leases from the ManCo to each Apartment.
The ManCo insures in an office approved by the Landlord. The Landlord has historically insured.
Section V Notices are not required.
Lessees cannot alter their premises without the written consent of the Landlord.
Copy documents held: Executed Head Lease & Specimen Under Lease; OCE to Head Lease.
Guide Price: £95,000