Head Lease of five upper Apartments above a commercial ground floor
sold on 999-year Leases from 20th December 2018
at a combined (rising) ground rent of £620.50 per annum
Four of the Rents are reviewed every TEN years to RPI upward only and one is at a peppercorn.
The Head Lease is held at a peppercorn from the Freehold for a term of 999 years.
The Freeholder Insures collecting the Premium from our Head Lessee as Additional Rent.
Our Head Leaseholder manages the five Apartments recovering costs by Service Charge.
Section V Notices have not yet been served.
Copy documents: Draft Head Lease and five Executed Apartment Leases.
Original Developer Retaining the Freehold and the Ground Floor
GUIDE PRICE £10,500