Fifty six Apartments in a modern Development
sold on 250-year Leases from 1st January 2020
at a combined (rising) ground rent of £12,250 per annum
The Ground Rents are reviewed every ten years to RPI upward only with Time not of the Essence.
The Landlord will Insure and Manage the Development.
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.
The Vendor is seeking a Purchaser on the Freehold Reversion to Exchange in good order and Complete after Practical Completion.
Practical Completion anticipated in around twelve months.
Copy documents: Draft Lease
Original Developer Selling
GUIDE PRICE £300,000