Twenty-Four two-bed Apartments plus eighteen integral Garages in a Development of five Blocks
originally sold on 99 year leases from 25th March 1978
at a combined (rising) ground rent of £3,620 per annum
The Ground Rents are reviewed every 15 or 25 years in varying manner
with the Ground Rents increasing to £5,705 in 2028.
Eighteen Apartments with 56 YEARS to run.
One Apartment with 81 YEARS to run.
One Apartment with 91 YEARS to run.
One Apartment with 97 YEARS to run.
One Apartment with 99 YEARS to run.
Two extended at a peppercorn.
The Landlord Insures and manages and recovers all costs from the Lessees.
Sum Insured: £6,497,404. Premium: £4,121.
Six Leases have been Varied to enable Lessees to Sub Let their Apartments.
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.
There is apparently Potential to Develop a Block of Six Additional Garages at the rear.
Copy documents held electronically: First Tier Tribunal Value Ruling July 2018; Schedule of Lease Terms and Ground Rents (including Review Method). Executed Lease; Plan for site of Six Garage Block; Deed of Variation enabling Lessee to Sub-Let.
GUIDE PRICE £230,000