Leicester Ground Rent Investment Acquired For Clients

• 38 unit development (build complete October 2018).
• The leases are 125 year leases with a 0.2% ground rent.
• The block is in the centre of Leicester.
• I have done a final calculation of the ground rents and they are circa £13,000 per annum (based on a 0.2% ground rent and bearing in mind we have not quite sold all of the units yet).
• The client would be looking for an offer in excess of £335,000.
• the Basic Rent” 0.2% of the Price per annum subject to review in accordance with Schedule 8 but subject to a cap of £350.00
• Ground rents are reviewed on the tenth anniversary of 1 January 2018 and each tenth anniversary of it during the Term

Leicester Ground Rent Sales Properties Always Required