Nine converted Apartments in two adjoining three storey buildings
sold on 125-year Leases from 1st January 2002
at a combined (rising) ground rent of £1,800 per annum
Each Rent increases by £50 every twenty-five years
INCREASING BY £450 IN FIVE YEARS.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £1,978,031. Premium: £6,912.82. Renewal: 15th August 2022
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: Three Executed Leases; Insurance Summary of Cover; Reinstatement Cost Assessment; Ground Rent Schedule; Asbestos Identification Certificate; Health & Safety and Fire Risk Assessment; Deed of Variation to include a patio area.
GUIDE PRICE £45,000