F067: Worcester Street, Stourbridge, Worcestershire DY8
Ten Apartments in a luxurious Development with an under croft car park
With a Concierge room within the under croft car park.
sold on 125-year Leases from 1st April 2015
at a combined (fixed) ground rent of £1,350 per annum
Nine of the ground Rents are increased every 25 years retaining the original Ground Rent’s proportional Value to the passing Capital Value of the Demise.
One Ground Rent is at the modern peppercorn.
The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT
Sum Insured: £2,062,036 Premium: £1,768. Renewal: 4th 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 not yet been served.
Copy documents: Executed Lease; Insurance Documents
Original Developer Selling
GUIDE PRICE £31,000
