Ground rent investment on development of 24 flats built in 2012
Landlord manages/insures and recovers from lessees
24 purpose built apartments paying total annual ground rent of £6,000 per annum
Ground rents double every 25 years
Leases 125 years from 2012
Section 5 notices have been served and the lessees have not responded
Ground rents due for increase in 2037