E911: Headland Road, Newquay, Cornwall TR7

Fifty-two Apartments in a spectacular modern sea resort Development

sold on 999-year Leases from 25th March 2006

at a combined (rising) ground rent of £13,000 per annum

The Ground Rents double every 33 years.

THE RENTS DOUBLE IN SEVENTEEN YEARS

 

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

Sum Insured: £17,265,501. Premium: £46,260.48. Renewal: 6th April 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.

 

Section V Notices have not yet been served.

 

Copy documents: Executed Lease; Insurance Summary of Cover

 

Original Developer Selling

 

GUIDE PRICE £285,000