Four two-bed purpose built Maisonettes in a detached Development
originally sold on 99-year Leases from March 1971
at a combined (rising) ground rent of £525 per annum
Three of the Ground Rents double and one increases by £125, every twenty-five years.
One Rent DOUBLES IN TEN YEARS
TWO LEASES HAVE 74 YEARS LEFT TO RUN
ONE LEASE HAS 83 YEARS LEFT TO RUN.
The Landlord Insures recovering the Premiums AS ADDITIONAL RENT
Sum Insured: £989,269. Premium: £1,447.83. Renewal: 31st October 2022
The Lessees Manage themselves
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy documents: Executed Original Lease; New Lease (draft); Insurance Summary of Cover
GUIDE PRICE £40,000