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