Twenty-three Apartments in a modern three-storey Development
sold on 999-year leases from 1st January 2021
at a combined (rising) ground rent of £3,747.81 per annum
being 0.1% of the Sale Value of each Demise
The Ground Rents are reviewed every TEN years to RPI upward only with Time not of the Essence.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
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.
The Development is in the process of being built with PC scheduled for December 2022.
Five of the Apartments are in the process of being sold to an RSL at a peppercorn.
All eighteen of the Private Sales have Exchanged Contracts.
Section V Notices have not yet been served.
Copy documents held: Draft Lease; Schedule of Sales Prices.
Original Developer Selling
GUIDE PRICE £94,000