Ground Rent Details
Sold
Price £18000
No. of Units – 18
Total Income – £1500
Lease Start Date – 1/1/2007
Length of Lease – 250
Details of Uplift – Uplifts every 15 years – Please see below for further details on uplift
Date of Next Uplift – 1/1/2037
Management / Insurance – YES/YES
Additional Information
XXX Please note 12 of the 18 units are peppercorn XXX Rent Review details – the Rent shall be subject to review on each fifteenth anniversary of the Commencement Date and then shall if appropriate be increased to such sum as is the same percentage of the Review Value of the Block Dwellings as the Rent is of the First Value of the Block BUT so that such reviewed rent shall never equal or exceed such a sum as would in appropriate circumstances create an inhibition on the premium capable of being charged on an assignment of the Demised Premises in the same manner as set out in Section 127 and Schedule 18 Part 11 of the Rent Act 1977 as amended by Section 78 of the Housing Act 1980 or any amending or similar legislation in which case the Rent shall be £1.00 less than the sum which would otherwise be charged being £1.00 less than the amount which creates an inhibition on the premium
ground rents in Wirral. Please call for further information. GROUND RENTS URGENTLY REQUIRED – BEST PRICES ALWAYS ACHIEVED
A Selection of our other Ground Rents:
Ground rent on 44 units, Lostwithiel PL22 (UNDER OFFER)
Ground Rents on 9 units, London SE1 (UNDER OFFER)
Ground rent on 28 Units (3 on peppercorn), Sunderland SR6
Ground Rents on 9 units, including 1 commercial unit, London SE15 (UNDER OFFER)