An attractive freehold block divided to provide 14 flats, all sold on 125 year leases from 1st January. Seven from 2018, one from 2019, three from 2020 and three from 2021.
There are five with current ground rents fixed at £250 per annum throughout the term, one fixed at £200 per annum throughout the term, four at a current ground rent of £200 per annum, rising and four at a current ground rent of £100 per annum, rising.
The Freeholder arranges insurance and maintenance of the exterior and common areas recouping the costs from the leaseholders by way of a service charge.
Section 5(B) Notices under the Landlord & Tenant Act 1987 have been served and the leaseholders have reserved their rights under this legislation.