Five converted Apartments in sizeable plot
originally sold on 99-year leases from 25th September 1988
at a combined (rising) ground rent of £700 per annum
The original £50 Rents, past first review, rise by £50 every 33 years.
Three have been extended, one at a peppercorn Ground Rent
two at £250 rents reviewed every 25 years, one doubling and one to RPI.
TWO LEASES WITH 64 YEARS LEFT TO RUN
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £1,150,880. Premium: £3,807.40. Renewal: 28th February 2024.
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: Executed Lease; Office Copy Entries & Plan.
GUIDE PRICE £40,000