luxury development of 6 flats built in 2010
All leases have an unexpired term 119 years
Ground rents currently paid £350 each doubling every 25 years
Total ground rent collection of £2100 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