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G138: Cherryleas Drive and Linkway Gardens, Leicester, Leicestershire LE3

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The Head Lease Interest of One hundred and forty-four Maisonettes

covered in four Titles over two streets.

 

One hundred and twenty-three Leases have been extended on a statutory peppercorn Rent,

Twenty-one Unextended at a Ground Rent of £16.80 each combined = £352.80 per annum,

eleven with underleased Garages at a Rent of £720 each = £7,920 per annum,

six with underleased Parking Spaces at £180 each = £1,080 per annum,

one further garage at £720 per annum and

three further Parking Spaces at a combined Rent of £480 per annum.

 

(The Garage and Parking Space Reviews are determined by independent surveyor.

The next Review is due in March 2029

Our Head Leaseholder Landlord maintains the forecourts.)

 

Current (rising) outgoing Ground Rent to the Wyggeston Hospital, a local charity Freeholder = £1,444 per annum.

 

At a combined income of £10,552.80 per annum the NET income = £9,108.80 per annum.

 

TWENTY-ONE MAISONETTE LEASES WITH FORTY YEARS LEFT TO RUN.

 

Owning Company can be acquired or if asset sale Section V Notices will have to be served.

 

GUIDE PRICE: £150,000.

 

Copy documents:

Payment Schedule.

Schedule of Short Leases.

Schedule of Lease Extension Premiums.

Executed Head Leases.

Executed Maisonette Lease.

Comprehensive HMLR Title & Plans.

Detailed Description & History of Site.

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