F041: Dalefield Road, Normanton, Wakefield West Yorkshire WF6

Twenty-four Apartments in a three storey Development

sold on 125-year Leases from 1st January 2007

at a combined (rising) ground rent of £7,985.28 per annum

The Ground Rents are reviewed every TEN years to RPI plus 1% upward only with Time not of the Essence.

 

NEXT REVIEW IS IN THREE & A HALF YEARS.

 

The Landlord Insures, Manages and recovers all costs

Sum Insured: £3,343,375. Renewal: 25th June 2023

 

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 not required because all Apartments are Leased to a Liquidator – one sold so far.

 

Copy documents: Executed Lease; Deed of Variation; Office Copy Entries; Insurance Summary of Cover

 

GUIDE PRICE £195,000