Fifteen Apartments in a modern Development
sold on 125-year Leases from 25th March 2007
at a combined (rising) ground rent of £1,500 per annum
The Ground Rents rise every 25 years, doubling for two Reviews then £200 each Review thereafter.
THE GROUND RENT DOUBLES IN NINE YEARS.
The Landlord Insures recovering Premium by way of ADDITIONAL RENT.
Sum Insured: £3,767,254. Premium: £2,580.08. Renewal Date: 17th December 2023.
A third covenanted party Management Company manages the Development.
The Landlord owns everything above the ceilings, below the floors and the building envelope.
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy documents: Executed Lease; Office Copy Entry and Plan; Insurance Summary of Cover
GUIDE PRICE £30,000