Five Apartments in a beautiful Development
three sold on 125-year Leases and two on 189-year Leases
at a combined (rising) ground rent of £649 per annum
Three of the Rents totalling £599 are reviewed to RPI every TEN years;
one is increasing once by £50 then falling away to a peppercorn in 2053; and one is at a peppercorn.
The Landlord Insures, Manages and recovers all costs
Sum Insured: £981,813. Renewal: 1st July 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 been served and the Lessees did not respond within the Statutory Time Limit.
Copy documents: Executed Lease; Office Copy Entries; Insurance Summary of Cover
GUIDE PRICE £13,000