Seven Apartments in a detached three-storey Development
sold on 125-year leases from 25th December 2015
at a combined (rising) ground rent of £1,820 per annum
The Ground Rents are reviewed every five years to RPI upward only with Time not of the Essence.
Next Review in Three years.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £1,431,157. Premium: £1,712.50. Renewal: 28th February 2022
Recent Section 20 decoration works paid in full. Being sold free of arrears
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 Lease; Gallery of Development; Insurance Summary of Cover; Photo Gallery
GUIDE PRICE £45,500