Twenty five Apartments in a Purpose Built two and Three Storey Development
sold on 130 year leases from 1st January 2019
at a combined (rising) ground rent of £4,459 per annum
The ground rents are reviewed every ten years to RPI upward only with Time Not of the Essence thus any late Reviewed Rents being due from the stated Review Date
(23 of the 25 Leases have Purchasers close to contract, none owning more than two Apartments)
The Landlord Insures, Manages and recovers all costs due from the Lessees AS ADDITIONAL RENT
Sum Insured: £3,750,000. Premium: £2,848.46. Renewal: 31st May 2020
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
Lessees cannot alter their premises without the written consent of the Landlord.
ON BEHALF OF LPA RECEIVERS
GUIDE PRICE £100,000
Copy documents held electronically: Draft Lease; Photo Gallery of the Development