Two Apartments in a converted mid-terrace
originally sold on 99-year Leases from 29th September 1990
at a combined (rising) ground rent of £375 per annum
The Upper Floor Ground Rent is fixed at £250 throughout the term.
The Ground Floor Rent Review is triggered on the sale of the Apartment with the new Ground Rent retaining the Rent’s same proportionate value to the new value of the Apartment as that of the outgoing Rent to the value of its Demise at the inception of that Rent.
ONE GROUND FLOOR LEASE WITH 66 YEARS LEFT TO RUN
On the First Floor Lease the Vendor received a £19,000 Premium correcting the Ground Rent defect and extending the Term.
The Landlord Insures, Manages and recovers all costs.
Sum Insured: £693,893. Premium: £980.63. Renewal: 31st October 2023
The Property is being offered free of all arrears.
Section V Notices have not yet been served.
Copy documents: Executed Lease; Deed of Surrender and Regrant to top floor Apartment; Insurance Summary of Cover; Office Copy Entries; Payment Activity January 2021 to May 2023.
GUIDE PRICE £17,500