2 Stanford Avenue, Brighton, BN1 6AA
Property Summary
A substantial building of 12 flats.
Unusual ground rent review clause every 25 years to a % of total market value of block.
The adjoining property is also offered for sale at the same time as 2 Notices required.
Ground rent reviews every 25 years - next review in 16 years time (2039).
Flat 9 has a 215 year term from 1988 - all other flats have 90 years remaining.
Subject to a RTM (Right to Manage); effected in 2024.
Offered, subject to the Landlord & Tenant Act 1987, Section 5a (as amended).
Please contact the office for individual ground rents.
lot type
Ground Rents
private treaty - sale status
Under Offer 2024
type
Freehold Ground Rent Investment, producing £1,260pa (rising)
description
A substantial building of 12 flats.
Unusual ground rent review clause every 25 years to a % of total market value of block.
The adjoining property is also offered for sale at the same time as 2 Notices required.
Ground rent reviews every 25 years - next review in 16 years time (2039).
Flat 9 has a 215 year term from 1988 - all other flats have 90 years remaining.
Subject to a RTM (Right to Manage); effected in 2024.
Offered, subject to the Landlord & Tenant Act 1987, Section 5a (as amended).
Please contact the office for individual ground rents.