Seven Apartments and lock up garages in a three-storey detached Development
sold on 125-year leases from 1st January 1997
at a combined (rising) ground rent of £1,400 per annum
The Ground Rents rise by £100 every 25 years
Drafting error in top floor Apartment Lease regarding Maintenance Contribution – not Rectified.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £3,268,865.70. Premium: £2,165.80. Renewal: 30th March 2022
There is a lift serving three of the upper Apartments.
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: Two Executed Leases; Deed of Variation; Vendor Lease Analysis; Insurance Summary of Cover.
GUIDE PRICE £35,000