POTENTIAL COMPANY SALE IF REQUIRED.
Seven Apartments in a 1900’s Purpose Built Development
sold on varying Lease Terms
at a combined (rising) ground rent of £1,000.76 per annum
one Rent is at a peppercorn, two are rising – one by £250 in 2025 – four are fixed.
TWO Apartments have 47 YEARS TO RUN.
The Landlord Insures and manages and recovers all costs.
Sum Insured: £1,958,723. Premium: £4,345.63. Renewal: 15th August 2022
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. The SPV holding this asset is available for acquisition
Copy documents held electronically: Executed Leases; Deeds of Variation; Detailed Schedule; Insurance Summary of Cover; Insurance Reinstatement Valuation June 2020.
GUIDE PRICE £100,000