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G194: 22 Developments in London, its Home Counties and up to the West Midlands

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AN ASSOCIATED COMPANY SALE

(from a non-trading company without a bank account)

 

22 Developments in London & Home Counties, Central England & West Midlands

 

INCOME & SHORTS

 

of 3 Houses & 194 Apartments

 

with 138 Leases paying a Ground Rent of £18,663 per annum,

(includes £8 estate Rent Charge)

 

£2,775 of which is doubling to a total of £21,438 per annum next year,

 

with Management Fees of £36,895 per annum.

 

Sum Insured: £19,725,132. Premium: £26,500 exclusive of IPT.

 

The 3 Houses have 58 years left on their Leases,

 

of the Apartments

 

5 have 55 years left to run,

 

67 have between 62 & 67 years left

and

34 have between 84 & 89 years left to run.

 

Half of the Developments’ Rents are reviewed to 0.1% of the premium for a new Lease, with nearly all the remaining Rents doubling every 33 years.

 

GUIDE PRICE OFFERS IN EXCESS OF £1,100,000

 

Copy Documents held:

Schedules Galore and Leases.

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