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