Twelve Apartments in a Purpose-Built Development
originally sold on 99-year Leases from 25th March 1987
at a combined (rising) ground rent of £1,200 per annum
The original Ground Rents start at £50 per annum rising by £50 every 33 years
FIVE LEASES WITH 64 YEARS LEFT TO RUN
ONE LEASE WITH 90 YEARS LEFT TO RUN
Two at a peppercorn
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £2,448,692. Premium: £8,788.47. Renewal: 15th August 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: Four Executed Leases; Insurance Summary of Cover; Ground Rent Schedule; Two Deeds of Surrender & Regrant
GUIDE PRICE £110,000