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