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A Leasehold Reversionary Ground Rent Secured upon a Second Floor One Bedroom Flat with 35 Years Unexpired at a Ground Rent of £40 Per Annum Increasing to £80 Per Annum in 2031
The property comprises an overriding lease of a one bedroom flat situated within a purpose built block. The flat has 35 years unexpired on the lease.
Long Leasehold. The property is held on a 999 year lease from 1st December 2006 at a peppercorn ground rent (thus approximately 984 years unexpired).
The property is situated in the highly sought after area of Kensington close to the shops and amenities of Cromwell Road. The open spaces of Holland Park and Kensington Gardens are both within easy reach. Transport links are provided by both South Kensington Olympia rail and overground stations and Earls Court underground station (Piccadilly, Circle and District lines).
The property is sold off on an 85 year lease from 25th March 1971 (thus approximately 35 years unexpired). The ground rent income is £40 per annum.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.