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G157: The Long Store, Station Road, Padstow, Cornwall PL28

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THE ORIGINAL DEVELOPER IS OUR VENDOR

 

Ten Apartments in a spectacular Development

 

sold on 999-year Leases from 25th December 2021

at a combined (rising) ground rent of £1,250 per annum

 

with five £250 Rents rise by £250 every 33 years throughout the term.

and five at a peppercorn

 

The Landlord Insures, Manages and recovers all costs.

Sum Insured: £5,525,000. Premium: £7,189.81. Renewal: 22nd August 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 been served and Lessees did not respond within their statutory time limit.

 

GUIDE PRICE £23,250

 

Copy documents:

Three Executed Leases.

Insurance Summary of Cover.

Section V Notices.

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