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G161: Great North Road, Hatfield, Hertfordshire AL9

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Original Developer Selling

 

Forty-Five Apartments in a modern two block, one conversion one new build, Development

 

sold on 125-year Leases at a combined (rising) Ground Rent of £8,700 per annum.

 

twenty-five Leases from 24th June 2016 their £200 Ground Rents doubling every 25 years,

one Ground Rent is £250 fixed throughout the term, and one is at a peppercorn;

eighteen Leases from 24th June 2019 their Rents reviewed every 25 years to RPI with Time not of the Essence

during this period when RPI is currently at a four-decade high.

 

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

Sum Insured: £13,288,057. Premium: £15,545.33. Renewal: 30th October 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.

Section V Notices have not yet been served.

 

GUIDE PRICE £175,000.

 

Copy documents:

 

Executed Lease.

Insurance Summaries of Cover

HMLR Plan

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