POTENTIAL DEVELOPMENT FOR FURTHER APARTMENT
Twelve Apartments in a purpose built Development
sold on varying lease terms originally 99 years from 25th December 1964
at a combined (rising) ground rent of £920 per annum
THREE Leases have 42 years.
TWO have 86 years.
TWO have 81 years.
TWO have 77 years.
ONE has 96 years.
with two at a 189 year peppercorn
The Vendors obtained Planning Consent for a further ground floor one bed Apartment
This Planning Gain is time expired.
The Vendor would consider an Overage Agreement.
A Lessee owned Management Company Insures and Manages the Development.
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.
Section V Notices have not yet been served.
Copy documents held electronically: Ground Rent/Lease Schedule; Executed Lease.
Original Developer Selling
GUIDE PRICE £220,000