Five Converted Apartments in a semi-detached Development
in the process of being sold on 125-year leases from 1st January 2022
at an expected combined (rising) ground rent of around £2,000 per annum
which will be 0.1% of the Sale Value of each Demise
Those Ground Rents will be reviewed every TEN years to RPI upward only.
ANY LEASES GRANTED AFTER THE FORTHCOMING CHANGES WILL BE GRANTED AT A PEPPERCORN.
The Landlord will Insure, Manage and recover all costs AS ADDITIONAL RENT
The Landlord will own everything above the ceilings, below the floors and the building envelope
and will be able to Develop as they see fit.
The Lessees will not be able to alter their premises without the written consent of the Landlord.
THREE OF THE APARTMENTS ARE CURRENTLY UNDER OFFER
with the Vendor seeking a Purchaser that will Exchange Contracts in a timely manner to negate the need for Section V Notices.
The Leases are in the process of being Drawn up and Granted. Drafts are available.
GUIDE PRICE: £50,000