E908: Cairnfield Avenue, Neasden, London NW2

Fifteen Apartments in a modern extended (upward) Development

four Apartments sold on 987-year Leases from 25th March 2021

and eleven Apartments sold on 1,000ish-year Leases from varying dates

at a combined (fixed) ground rent of £1,165 per annum


The Vendor erected the original Building of eleven Apartments and added four Apartments which were sold over the last year.


The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT

Sum Insured: £3,206,606.20. Premium: £3,501.81. Renewal: 23rd 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.


Four of the Lessees as at last year owed £17,776 Service Charge, which has since accrued by a further £3,200. The Landlord is owed approx. £7,000 for Insurance Premiums and £12,000 for Accountancy Fees from the Service Charge. There is around £1,000 in the Service Charge Bank Account.


Section V Notices have not yet been served.


Copy documents: Draft “Final” Lease; Insurance Summary of Cover; Office Copies; Service Charge accounts from 2016 to 2022.


Original Developer Selling


GUIDE PRICE: Offers Invited