Head Leasehold Interest of twelve Apartments in a purpose built Development
sold on 124-year Leases from 25th March 1984
at a combined (rising) ground rent of £825 per annum
One Lease has been extended by Statute at a peppercorn Ground Rent.
Eleven Rents, in their second period of review, increase by £25 every 25 years
WITH THE NEXT REVIEW IN TWELVE YEARS.
The Freehold is privately held at a never demanded annual Ground Rent of £1.00.
ELEVEN LEASES HAVE 85 YEARS REMAINING
Landlord Insures (approved by The Council) and Manages, recovering all costs AS ADDITIONAL RENT
Sum Insured: £1,674,937. Premium: £3,795.37. Renewal: 28th February 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 not yet been served.
Copy documents: Executed Apartment Lease; Executed Head Lease; Office Copy Entries and Plan.
GUIDE PRICE £16,000