Six converted Apartments in a Victorian end Terrace
sold on 125-year Leases from 25th March 2010
at a combined (rising) ground rent of £600 per annum
The Ground Rents double every twenty-five years
GROUND RENTS DOUBLE IN THIRTEEN YEARS.
The Landlord Insures, Manages and recovers all costs
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.
The Property suffers an obvious lack of maintenance and is in a dire state of disrepair. Poorly patched roofs with water ingression, rising, penetrative and condensation damp throughout with extensive works required to bring the Property up to current regulations and habitable standards.
Copy documents: Three Executed Leases; Detailed Condition Report June 2022.
GUIDE PRICE £12,000