Fourteen Apartments in a modern Development
sold on 125-year Leases from 1st January 2019
at a combined (rising) ground rent of £4,900 per annum
The Ground Rents are reviewed every TEN years to RPI upward only with Time not of the Essence.
THE NEXT REVIEW IS IN SIX YEARS.
The Landlord Insures.
Sum Insured: £5,499,492. Renewal: 2nd August 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.
Section V Notices have not yet been served.
Copy documents: Executed Lease; Office Copy Entry; Insurance Summary of Cover
Original Developer Selling
GUIDE PRICE £104,000