Four converted Apartments in a Period Property
sold on 125-year Leases from 25th March 1988
at a combined (rising) ground rent of £800 per annum
The original Rents, in their second Review Period, rise by £100 every 25 years.
FOUR LEASES WITH 91 YEARS LEFT TO RUN
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT at 10% of late dues.
Sum Insured: £1,278,229. Premium: £3,378.56. Renewal: 28th February 2023
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
The Vendor is seeking a Purchaser that will Exchange Contracts in a timely manner to negate the need for Section V Notices.
Copy documents: Executed Lease; Office Copy Entries and Plan.
GUIDE PRICE £30,000