Small development of 2 flats recently converted
2 leases of 999 years from 2011
Each flat pays annuak ground rent of £250 each
Total ground rent collected £500 per annum
Ground rents double every 25 yrs.
Landlord manages and insures and recovers from lessees
Section 5 notices have not been served.
Asking price £7,500 subject to contract and service of section 5 notices
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