- GRB UK - http://www.grbuk.com -

E562 Lichfield Road, Willenhall, Walsall West Midlands WV12

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