Nine converted Apartments in a three storey Development
sold on 999 year leases from 1st December 2021
at a combined (rising) ground rent of £3,000 per annum
The Ground Rents are reviewed every 25 years to RPI upward only with Time not of the Essence.
Three of the Apartments are to be sold at a peppercorn Rent to comply with proposed Legislation.
The Landlord Insures and Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £1,730,175. Premium: £2,352.97. Renewal: 21st June 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.
Practical Completion is done.
The Vendor is seeking a Purchaser that will Exchange Contracts in a timely manner to negate the need for Section V Notices.
Copy documents held electronically: Proposed Lease; Insurance Summary of Cover
GUIDE PRICE £110,000