Five Apartments and a Commercial Part in a mid-terrace Development
the Apartments sold on 125-year Leases from 2021
the Commercial Part sold on 999-year Leases from 31st March 2020
at a combined (rising) ground rent of £1,247 per annum
reviewed every 25 years on the Residential and every 20 years on the Commercial part, all to RPI.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £1,689,844. Premium: £2,382.05 (part of year thus pro-rata). Renewal: 24th June 2023
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 been served. Lessees did not respond within the Statutory Time Limit.
Copy documents: Executed Lease; Insurance Summary of Cover; Office Copy Entries.
GUIDE PRICE £24,500 + GRB Fee