Luxury development of 6 flats built in 2012
All leases have an unexpired term 121years
Ground rents currently paid £400 each
Ground rent increases every 10 years and linked to Retial Prices Index
Total ground rent collection of £2400 per annum
Valuable ground rent investment
Landlord manages and insures and recovers from leaseholders
Section 5 notices have been served and leaseholders have not elected to buy the freehold