E846: Cross Street, Preston. Lancashire. PR1
Forty-six Apartments in a four storey Development
sold on 150-year Leases from 1st January 2018
at a combined (rising) ground rent of £16,100 per annum
The Ground Rents are reviewed every FIVE years to RPI upward only with Time not of the Essence.
NEXT REVIEW IN ONLY A FEW MONTHS
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £5,157,000. Renewal: 8th 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: Draft Lease; Insurance Summary of Cover
Original Developer Selling
GUIDE PRICE £405,000
