Ten Apartments in a Modern Conversion
sold on 125-year leases from 2021
at a combined (rising) ground rent of £1,250 per annum
being 0.1% of the recent 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 Insures, Manages and recovers costs AS ADDITIONAL RENT.
Sum Insured: £1,040,000.
The Landlord owns everything above the ceilings, below the floors and the building envelope,
and can Develop as they see fit.
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy Documents Held: Draft Lease.
Original Developer Selling.
GUIDE PRICE £31,250