Thirty six purpose built flats, one cottage and forty eight car parking spaces in a gated four storey Development
sold on 999 year leases from 1st March 2004
at a combined (fixed) ground rent income of £20,400 per annum, paid half yearly in advance.
There is no insurance or management available for the Landlord (The Lessees have taken over the management in May 2011 with an RTM)
There is a gymnasium and a separate movie room on the ground floor.
The Landlord retains ownership of everything above the ceilings, everything below the floors, the entire building envelope as well as all internal and external common parts and has the full and free right at any time to develop any part of the Property as they may think fit.
Section V Notices have not yet been served.
Copy documents held (electronically in a Data Room): Executed Apartment Lease; Draft Car Parking Lease, Extract Brochure, RTM Notice, Ground Rent Schedule
Guide Price: £408,000