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G105: Treglos, Constantine Bay, Padstow, Cornwall. PL28

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The Original Developer Selling

Thirty-three Apartments in a two phased (5 + 28) modern Development

sold on 999-year Leases from 29th September 2020

at a combined (rising) ground rent of £5,000 per annum

Seventeen Ground Rents rise by £250 every 33 years.

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

Sum Insured Phase One: 1-5: £643,497 Premium: £1,857-96. Renewal: 23rd December 2023.

Sum Insured Phase Two: 6-20: £9,375,000. Premium: £10,367.20. Renewal: 16th May 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 consent of the Landlord.

Section V Notices have not yet been served.

Copy documents: Draft Lease; Insurance Summary of Cover

 

GUIDE PRICE £75,000

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