A new Development of Twenty Three Luxury Apartments and One Freehold House
in three Buildings
one an extended Period Conversion with two new sympathetic Blocks
to be sold on 250 year leases from 2022
at a combined (rising) ground rent of circa £7,500 per annum
being 0.1% of the Sale Value of each Demise
with the ground rents reviewed every ten years to RPI upward only with Time not of the Essence
The Landlord will Insure and Manage recovering all costs AS ADDITIONAL RENT
The Landlord will own everything above the ceilings, below the floors and the building envelopes
and will be able to Develop as they see fit.
The Lessees will not be able to alter their premises without the written consent of the Landlord.
The Purchaser will be required to exchange contracts in a timely manner to negate the need for Section V Notices completing after the granting of the last Lease,
an anticipated time scale of circa twenty months
Original Developer Selling
GUIDE PRICE £200,000