Three Converted Apartments in an attractive building sold on 125 years from 2013 at a (rising) ground rent of £685 per annum doubling every twenty years
WITH THE GROUND RENT DOUBLING IN FIFTEEN YEARS TIME.
The Landlord Insures recovering the Premium from the Lessees.
Sum Insured: £478,930; Premium: £770.01; Renewal Date: 31st October 2018.
Each Lessee covenants to become a Shareholder and Director of their
Lessee owned Management Company which manages the Development.
The Lessees cannot make any alterations without the Landlord’s consent.
The Landlord owns everything above the ceilings, below the floors, the building envelope and can Develop as they see fit.
Section V Notices have not yet been served.
Copy Documents held (electronically): Draft Specimen Lease; Insurance Summary of Cover
Original Developer Selling
Guide Price: £17,000