Property Summary

2 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 90 years

Ground Rent Head Lease Ground rent income £1,650, £1,970, £2,650, £3150, £3650 (rising every 25 years

Underleases Same term as Head Lease (less 10 days)

Next Review Date 2038 - in 13 years time

Number of Flats in Block - 16 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.

Notes Copy of Leases/Titles available upon request.

private treaty - sale status

New 2025

type

Freehold Ground Rent Investment for sale, currently producing £3,420pa rising

description

2 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 90 years

Ground Rent Head Lease Ground rent income £1,650, £1,970, £2,650, £3150, £3650 (rising every 25 years

Underleases Same term as Head Lease (less 10 days)

Next Review Date 2038 - in 13 years time

Number of Flats in Block - 16 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.

Notes Copy of Leases/Titles available upon request.