Nine Apartments above a Commercial Unit (Dentists) in a modern Development
sold on 125-year Leases from 24th June 2018
at a combined (rising) ground rent of £3,275 per annum
The Ground Rents are reviewed EVERY TEN YEARS to RPI with Time not of the Essence.
The Commercial Part is sold on a 999 year Lease from 2022 at a peppercorn rent.
The Landlord Insures, Manages and recovers all costs
Sum Insured: £1,838,364.75. Premium: £1,850.51. Renewal: 8th October 2022
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 not yet been served.
Copy documents: Executed Residential Lease; Draft Commercial Lease; Insurance Summary of Cover
Original Developer Selling
GUIDE PRICE £80,000