Nine Houses in an unbroken modern Cul de Sac
sold on 999-year Leases from 2005 (x4), 2006 (x 4) & one from 2008
at a combined (rising) ground rent of £1,474.11 per annum
The Rents are reviewed every THREE years to RPI upward only, to a maximum of £1,000 per Lease.
The Ground Rent in 2017 was £1,349.91, the 2020 Review has yet to be enforced, thus the £1,474.11 is an assumed calculation)
The road into the Cul de Sac is unadopted – the Lessees covenant to maintain it.
The Landlord has the right within eighty years to erect a dwelling house on the Property, Gable Wall or Garage.
Two of the Lessees owe circa £1,300.
Copy documents: Draft Lease; RPI Calculation and Payment Schedule.
GUIDE PRICE £40,000