Ten one bedroom Apartments in a converted Church
sold on 125-year Leases from 29th September 1987
at a combined (rising) ground rent of £1,750 per annum
Each Ground Rent increases by £100 every 25 years.
TEN LEASES HAVE 88 YEARS LEFT TO RUN
A Lessee owned Management Company Manages the Development and Covenants to Insure through the Landlord’s nominated Agency.
Sum Insured: £2,070,136. Premium: £1,852.27. Renewal Date: 13th November 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 have not yet been served.
Copy documents: Ten Executed Leases; Office Copy Entries and Plan; Insurance Summary of Cover.
GUIDE PRICE £60,000