8 flats with 999 year leases from 2010
Each flat pays annual ground rent of £250 each
Ground rents increase every 25 yrs and linked to HPI
Next review in 20 years
Total ground rent collected £2000 per annum
Leaseholders management company deals with management
Section 5 notices have already been served and we have not heard back from leaseholders
Asking price £32,500 subject to contract