Twenty-four Apartments in an appealing Development
sold on 999-year Leases from 25th November 2015
at a combined (rising) ground rent of £4,080 per annum
Each Ground Rent rises by £20 every five years,
INCREASING TO £4,560 PER ANNUM IN THREE YEARS.
There is a Lease on the airspace to Develop Above
The Landlord Insures and recovers Premiums AS ADDITIONAL RENT
Sum Insured: £5,495,808. Premium: £4,225.27. Renewal: 7th January 2023
A Lessee owned Management Company Manages the Estate.
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; Gallery of Photographs; Insurance Summary of Cover
GUIDE PRICE £105,000