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G164: Furness Quay, Salford Quays, Salford, Greater Manchester, M50

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THE ORIGINAL DEVELOPER IS SELLING

 

The Freehold Reversionary Interest of

 

Two hundred and ninety Apartments

in this elegant twenty-seven storey Prestigious Modern Block

with a non-Resident Ground Floor (Gym, Plant, Post Room etc) and Basement Level Parking.

 

Thirty-four of the Apartments are sold on 999-year Leases from 1st January 2017, held on a peppercorn.

 

Two hundred and fifty-six of the Apartments are sold on 250-year Leases from 1st January 2017

at a combined (rising) ground rent of £82,351.30 per annum

with their Rents reviewed every TEN years to RPI, upward only, with Time not of the Essence,

 

THAT  NEXT GROUND RENT REVIEW – IN TWO YEARS NEXT JANUARY.

 

THAT REVIEW BEING HELD WHILST RPI IS AT OUR UK’s FOUR DECADE HIGH

 

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

Sum Insured: £61,621,200. Premium: £74,735.06. Renewal: 30th 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 written consent of the Landlord.

 

Section V Notices have not yet been served.

 

GUIDE PRICE ON APPLICATION.

 

Copy documents Held:

Executed Lease.

Insurance Summary of Cover.

EWS1 Form with an A1 outcome.

EWS1 Authenticity of Validation Form

EWS1 Professional Competence Form

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