E814: Ferme Park Road, Couch End, London N8

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