Succombs Place, Southview Road, Warlingham, CR6 9JQ

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Property Summary

Built 1982 comprising 4 blocks and 36 flats in total, all subject to a Head Lease to Sidevine Limited, owned and managed by all Lessees. There are 30 x 3 Bed flats and 6 x 1 Bed flats (7,8,15,16,23,24)
Head Lease Terms 125 year lease from 25/12/1981 (Title No: SY508347), 84 years remaining.
Rent rise every 33 years.
£2340/£3420/£5100/£6900pa
Current Rent £3240. The nextreview is in 26 years time - 2048.
Under Leases All leases were originally 125 years from 25/12/1981 (less 10 days). Out of the 36 flats - 14 flats have been extended via the statutory route and have 215 year terms from 25/12/1987 (less 10 days).

Notes Copy of Leases available upon request.

No Section 5a Notices required.

private treaty - sale status

Sold 2023

type

Freehold Ground Rent Investment of 36 Flats, producing £3,420pa rising

description

Built 1982 comprising 4 blocks and 36 flats in total, all subject to a Head Lease to Sidevine Limited, owned and managed by all Lessees. There are 30 x 3 Bed flats and 6 x 1 Bed flats (7,8,15,16,23,24)
Head Lease Terms 125 year lease from 25/12/1981 (Title No: SY508347), 84 years remaining.
Rent rise every 33 years.
£2340/£3420/£5100/£6900pa
Current Rent £3240. The nextreview is in 26 years time - 2048.
Under Leases All leases were originally 125 years from 25/12/1981 (less 10 days). Out of the 36 flats - 14 flats have been extended via the statutory route and have 215 year terms from 25/12/1987 (less 10 days).

Notes Copy of Leases available upon request.

No Section 5a Notices required.