Holmbury Park Estate, Sundridge Avenue, Kent, BR1 2WR

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Property Summary

Built circa 1984, 4 blocks of 32 flats known as Arbury House (9 flats); Boughton House (7 flats); Lambourn House (7 flats) and Clevedon House (9 flats), all subject to a Head Lease to Holmbury Park Management Co Limited, owned and managed by all Lessees.

Head Lease Terms Despite the Head Lease rent, each time a flat has a (statutory) lease extension over the years, the Head Lease rent has been reduced by the same amount that was payable by the sublease.

The current rent is now £1,520pa rising to £2,050 and then £2,720 at subsequent reviews every 33 years.

Current Rent £1,520. The next review is in 27 years time - 2050.

Under Leases All original leases were 125 years (-10 days) from 24/06/1984. Out of 32 flats, all but 14 flats have been extended by 90 years at zero rent.

Flat Sales History in Block 3 Boughton House; Sold for £530,000 - 25 March 2022
7 Arbury House; Sold for £550,000 - 14 September 2021

Notes Copy of Head Leases/OCE/Sub-Lease available upon request.

No Section 5A Notices required.

Three recent lease extensions are not yet registered on Freehold Title (8 & 9 Clevedon and 3 Arbury).

private treaty - sale status

Under Offer 2023

type

Freehold Ground Rent Investment of 32 Flats For Sale, producing £1,520pa (rising)

description

Built circa 1984, 4 blocks of 32 flats known as Arbury House (9 flats); Boughton House (7 flats); Lambourn House (7 flats) and Clevedon House (9 flats), all subject to a Head Lease to Holmbury Park Management Co Limited, owned and managed by all Lessees.

Head Lease Terms Despite the Head Lease rent, each time a flat has a (statutory) lease extension over the years, the Head Lease rent has been reduced by the same amount that was payable by the sublease.

The current rent is now £1,520pa rising to £2,050 and then £2,720 at subsequent reviews every 33 years.

Current Rent £1,520. The next review is in 27 years time - 2050.

Under Leases All original leases were 125 years (-10 days) from 24/06/1984. Out of 32 flats, all but 14 flats have been extended by 90 years at zero rent.

Flat Sales History in Block 3 Boughton House; Sold for £530,000 - 25 March 2022
7 Arbury House; Sold for £550,000 - 14 September 2021

Notes Copy of Head Leases/OCE/Sub-Lease available upon request.

No Section 5A Notices required.

Three recent lease extensions are not yet registered on Freehold Title (8 & 9 Clevedon and 3 Arbury).