E989: Station Road, Urmston, Trafford, Manchester M41

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