Ground rent on 43 units in London NW8 (SOLD 2014)

Ground Rent Details

Ground Rents Sold >> Long Leases

  • No. of Units43
  • Total Income £ 26,400
  • Length of Lease999
  • Lease Start Date24/6/1998
  • Details of UpliftPlease see below
  • Date of Next Uplift24/6/2019
  • Management/InsuranceY/Y
  • Price£ 1,000,000
  • Any Further CommentsGround Rents in London. Please call for further information. GROUND RENTS URGENTLY REQUIRED - BEST PRICES ALWAYS ACHIEVED

43 residential units and 40 car parking spaces.

Income of £22,400 on flats and £4,000 on parking spaces. (total income £26,400)

Income doubles to £52,800 after 21 years, then every subsequent 21 years or the ground rent increase by 0.15 of the open market value of the demised premises on the flats and by 0.80 for the parking spaces (whichever is higher).

Insurance premium for current year is £49,182.
Last years service charge accounts was £360,000

There is also a small communal gym at ground floor level and a large reception
area with 24 hour concierge


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