E801: London Road, Leigh on Sea, Essex SS9
Sixteen Apartments in a modern purpose-built Development
sold on 125-year Leases from 1st November 2019
at a combined (rising) ground rent of £4,185 per annum
The Ground Rents are reviewed every TEN years to RPI with Time not of the Essence.
Four of the Rents are Help to Buy and at a peppercorn.
Next Review is in eight years.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £4,272,223. Premium: £5,005.07. Renewal: 29th November 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.
Copy documents Held: Executed Leases; Insurance Summary of Cover; 2020 Budget; Schedule.
Original Developer Selling
GUIDE PRICE £100,000
