Five Apartments and a Commercial Unit in a Modern Development
sold on 125 year leases from 2021
at a combined (rising) ground rent of circa £1,300 per annum
being 0.1% of the Sale Value of each Demise
with the ground rents reviewed every ten years to RPI upward only with Time not of the Essence.
The Landlord will Insure and Manage recovering all costs AS ADDITIONAL RENT.
The Landlord will own everything above the ceilings, below the floors and the building envelope,
and will be able to Develop as they see fit.
The Lessees will not be able to alter their premises without the written consent of the Landlord.
The Purchaser will be required to exchange contracts in a timely manner to negate the need for Section V Notices completing after the granting of the last Lease.
an anticipated Completion 2021.
GUIDE PRICE £32,500