E921: Albert Road, South Norwood, London SE25

Three Apartments in an early twentieth Century end of terrace

originally sold on 99-year Leases from 24th June 1973

at a combined (rising) ground rent of £60 per annum

Two of the Lease Terms have been extended at a peppercorn.

The remaining Ground Rent of £30 increases by £30 every 33 years.

 

ONE LEASE WITH 49 YEARS LEFT TO RUN

 

The Lessees Insure in the joint names of the Landlord and Manage.

 

The Landlord owns everything above the ceilings, below the floors and the building envelope

and can Develop as they see fit.

 

Section V Notices have not yet been served.

 

Copy documents: Executed Lease.

 

GUIDE PRICE £70,000