Twelve Apartments and Twelve Parking Spaces in a Purpose-Built Development.
The Apartment Leases were mainly sold on 99 year leases from 25th March 1998
the Leases to all Twelve Car Parking Spaces for 150 years from 25th March 1998
Seven of the Apartment Lease Terms have been extended
now at a current combined (rising) ground rent of £1,850 per annum.
Eight of the Apartment Rents are reviewed and four are at a peppercorn.
The Car Parking Spaces at a rent of £300 per annum fixed throughout the Term
FOUR OF THE LEASES HAVE 76 YEARS TO RUN
ONE OF THE LEASES HAS 66 YEARS TO RUN
There is an RTM in place Managing the Development
and the Freeholder receives the Ground Rent annually from the RTM.
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy documents held electronically: Annual Ground Rent Schedule & Premiums Paid; Executed Leases to the Car Parking Spaces & Apartments 4 & 6; and Deed of Surrender.
GUIDE PRICE £60,000