Leighswood Court Leighswood Road, Aldridge WS9 8UT Ground Rent For Sale (SOLD)

• The 23 flats at Leighswood Court are listed on the attached schedule.
• Each flat was originally let on a 99 year lease expiring December 2080.
• Six of the leases have been extended as shown on the attached schedule, and those leases now expire in December 2170.
• No ground rent is payable where the lease has been extended.
• Under the original leases, the ground rent currently payable is £37.50 per annum for one bedroom flats and £45 per annum for 2 bedroom flats. Additional rent is payable for garages as shown on the schedule.
• The total current rental income is therefore £802.50 pa.
• In December 2047 rents will rise to £50 pa for one bedroom flats and £60 pa for 2 bedroom flats.
• Registered title information is attached, together with a sample copy of an extended lease (which includes a copy of the intermediate lease to the management company Leighswood Court Residents Ltd).
• Purchaser to pay vendor’s agents and legal fees.
• Section 5A Notices not served
• SOLD

Aldridge, Walsall WS9 8UT Ground Rent Sales