Four converted Apartments in a detached Development
originally sold on 99-year leases from 20th September 1985
at a combined (rising) ground rent of £900 per annum
One Rent of £250 rises by RPI and one doubles both every 25 years
The two original Rents, in their second Period of Review, double every 33 years.
TWO LEASES WITH 62 YEARS LEFT TO RUN.
ONE LEASE WITH 92 YEARS LEFT TO RUN.
The Landlord Insures, Manages and recovers all costs
Sum Insured: £618,984. Premium: £1,400.88. Renewal: 28th February 2023.
The Landlord owns everything above the ceilings, below the floors and the building envelope
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; Draft Lease Extension; Office Copy Entries and Plan; Draft Lease Extension Deed
GUIDE PRICE £40,000