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G012: TWO BLOCKS IN Treetop Close, Luton, Bedfordshire LU2 0JZ

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Twenty-nine Apartments AND One Gymnasium

in two three storey detached buildings

 

POTENTIAL APARTMENT MIMIC IN SECOND BLOCK

 

VERY VALUABLE GROUND RENT REVIEW IN SEVEN YEARS

 

OR VALUABLE DEED OF VARIATION

 

sold on 199-year Leases from 1st June 2006

 

at a combined (rising) ground rent of £4,200 per annum

 

with (now) twenty-eight of the Rents reviewed every 25 years to 0.15% of the OPEN MARKET VALUE

 

A CONSERVATIVE ESTIMATION OF 0.15% OF TODAY’S SAD VALUES WOULD BE £9,425.25 per year,

WITH OUR NEXT REVIEW UPON US IN SEVEN YEARS.

 

LAST NOVEMBER ONE REVIEW WAS VARIED TO A PEPPERCORN FOR A PREMIUM OF £9,263.

 

POTENTIAL ADDITION APARTMENT in THE GYMNASIUM in Block A is held on an individual Lease on ground floor.

Block B’s similar gymnasium was converted to a one bed Apartment (planning 2010).

 

The Landlord Insures, Manages and recovers all costs AS ADDITIONAL RENT

Sum Insured: £4,075,962. Premium: £12,966.20. Renewal: 1st March 2025.

 

The Landlord owns everything above the ceilings, below the floors and the building envelope,

and can Develop as they see fit.

 

The Lessees cannot alter their premises without the consent of the Landlord.

 

Section V Notices have not yet been served.

 

GUIDE PRICE: £150,000

 

Copy documents: Executed Leases to Blocks A, B & Block B’s converted Gymnasium; Deed of Variation;

OCE & Plans; Photo Gallery; Insurance Summary & Claims; a detailed Schedule showing the Reviews;

Information sheet on the gymnasium.

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