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G095: Radnor Avenue, Heswell on the Wirral Peninsula, Merseyside. CH60

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THE ORGINAL DEVELOPER IS OUR VENDOR.

 

Twenty-three Apartments in this Spectacular modern three-storey Luxury Development

on a prominent 0-5 acres site on the junction of three roads.

 

Sold on 999-year leases from 1st January 2021

at a combined (rising) ground rent of £3,061.18 per annum

 

being 0.1% of the Sale Value of each Demise.

 

The Ground Rents are reviewed every TEN years to RPI upward only with Time not of the Essence.

 

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

Sum Insured: £3,500,000. Premium: £4,648. Renewal Date: 19th July 2024.

 

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 written consent of the Landlord.

 

Five of the Apartments have been sold to an RSL at a peppercorn.

Three of the Apartments have been sold privately at a peppercorn.

Fifteen of the Apartments have been sold privately at 0.1% Sale Value Ground Rents.

 

Section V Notices have not yet been served.

 

GUIDE PRICE: £60,000.

 

Copy documents held:

Draft Lease.

Schedule of Sales Prices.

Architect Site Plan.

Marketing Brochure showing Apartment Quality.

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