Fourteen Apartments in a four storey modern detached Development
sold on 125-year Leases from 29th September 2009
at a combined (rising) ground rent of £4,550 per annum
The Ground Rents double every 25 years
THE GROUND RENTS DOUBLE IN TWELVE YEARS.
The Landlord Insures and Manages
Sum Insured: £3,621,276. Premium: £12,923.86. Renewal: 15th August 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.
PLANNING CONSENT HAS BEEN OBTAINED TO ADD A SUBSTANTIAL PENTHOUSE ON A NEW FLOOR.
Section V Notices have not yet been served.
Copy documents: Executed Lease; Ground Rent Schedule; Insurance Summary of Cover; Planning Documents; Engineering Feasibility Documents
Original Developer Selling
GUIDE PRICE: Offers Invited