Kelsey Gate, 27 Court Downs Road, Bromley, BR3 6LP

private treaty - sale status

New 2025

type

Freehold Ground Rent Investment for sale, currently producing £1,650pa rising

description

* 16 Flats in 2 linked blocks
* Head Lease on FRI terms
* Review in 13 years

Modern blocks built in 1988 comprising 16 flats. There is a Head Lease to Starsmith Management Company owned by the Leaseholders.

Head Lease Terms 125 year lease from 25/03/1988 (SGL528685). Expires in 88 years.
Ground Rent Head Lease £1,650, £1,970, £2,650, £3150, £3650 (rising every 25 years).
Underleases Original leases - same term as Head Lease (less 10 days).
Flats 3,5,6,7,8,9,13,14,15 remain on their original leases.
Flats 1, 2, 4, 10, 11 & 16 extended at nil rent, expiring 2203.
Flat 12 extended at nil rent, expiring 2200.
Number of Flats in Block - 16 Flats 1, 2, 5, 6, 9, 10, 13, 14 are in the South Block. Flats 3, 4, 7, 8, 11, 12, 15, 16 are in the North Block.
2 Bed - 10 Flats
3 Bed with lower ground floor room - 2 Flats
3 Bed - 4 Flats

Notes Copy of Leases / Titles available upon request
Lessees Manage and Insure