Ninety Apartments in a Development of seven three-storey detached blocks
sold on 99-year leases from 1st January 1990
at a peppercorn ground rent
SIXTY-SEVEN YEARS LEFT ON THE LEASES
Discussions have initiated with two Lessees approaching for Lease Extensions.
The Landlord Insures, Manages and recovers all costs.
Sum Insured: £12,135,665. Premium: £22,500. Renewal: April 2022
Management Fees: £22,000
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: Executed Lease; OCE 2002; Insurance Summary of Cover
GUIDE PRICE: £150,000