F016: Upper Farm Road, West Molesey, Surrey. KT8

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