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