Ten Apartments and Three Commercial Units in a Modern Development
the Apartments are sold on 125-year leases from 25th December 2009
the Commercial Units on 999-year Leases from 25th March 2010
at a combined (rising) ground rent of £4,300 per annum
Apartments at £350, Commercials originally at £150 with one varied to £500
The Apartment Ground Rents rise by £50 every 25 years
The Commercial Ground Rents are fixed throughout the Term.
The Landlord Insures, Manages and recovers all costs from the Lessees.
Sum Insured: £3,864,971. Premium: £4,343.88. Renewal: 15th September 2023
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 electronically: Executed Residential and Commercial Leases; Insurance Summary of Cover; Schedule of Ground Rents
Original Developer Selling
GUIDE PRICE £85,000