Fourteen Apartments in a modern Development
sold on 250-year Leases from 1st January 2017
at a combined (rising) ground rent of £3,486 per annum
The Ground Rents are reviewed every ten years by £25 per annum.
The Landlord Insures recovering the premium AS ADDITIONAL RENT
Sum Insured: £2,465,618. Premium: £5.097.92. Renewal: 8th February 2023
A Lessee owned Management Company manages the Development.
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; “must-see” Photos
Original Developer Selling
GUIDE PRICE £70,000