Three Apartments in a modern Development
sold on 125-year Leases from 1st January 2014
at a combined (rising) ground rent of £750 per annum
The Ground Rents each double every 25 years.
THE GROUND RENTS DOUBLE IN SIXTEEN YEARS
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £500,000. Premium: £602.62. Renewal: 30th April 2023
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 been served and the Lessees did not respond within their statutory time limit.
Copy documents: Executed Lease; Office Copy Entry; Insurance Summary of Cover; Section V Notice
Original Developer Selling
GUIDE PRICE £16,000