E838: Dodworth, Barnsley, South Yorkshire S75

Fifteen two-bed Apartments in two modern three storey blocks

with a shared gated courtyard and parking area with Bungalows

sold on 125-year Leases from 1st January 2007

at a combined (rising) ground rent of £3,640.34 per annum

Ten Rents are reviewed every 25 years upwards only to the Halifax House Price Index

THESE TEN RENTS WITH UNAMENDED LEASE DEFECTS ARE REVIEWED IN NINE YEARS.

(One Lease Variation under discussion)

Two rents are reviewed to RPI every ten years

Three Rents increase by 18% every five years

THESE FIVE RENTS ARE REVIEWED IN FOUR YEARS

 

Owns garden used by house whose occupation can be terminated on Notice. £1,000 offer rejected.

 

The Landlord Insures, Manages and recovers all costs.

Sum Insured: £2,227,450. Premium: £1,969.64. Renewal: 8th September 2022

 

The Landlord owns everything above the ceilings, below the floors and the building envelope

Section V Notices have not yet been served.

 

Copy documents: Executed Lease; Insurance Summary of Cover; Ground Rent Schedule; Office Copy Entries; Five Deed of Variations.

 

GUIDE PRICE £75,000