E850: Shearing Lower Road, Sawbridgeworth, Hertfordshire CM21

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