Fourteen Apartments & one Commercial Lease in a modern Development
sold on 125-year Leases from 1st January 2016
at a combined (rising) ground rent of £4,200 per annum
The Ground Rents DOUBLE every 25 years.
The Commercial part is held on a 999 year Lease at a peppercorn.
THE GROUND RENT DOUBLES IN EIGHTEEN YEARS
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £4,904,953. Premium: £23,791.67. Renewal: 8th May 2024
The Landlord owns everything above the ceilings, below the floors and the building envelope,
and can Develop as they see fit.
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; Insurance Summary of Cover; Section V Notices.
Original Developer Selling
GUIDE PRICE £90,000