Northampton Head Lease Ground Rent Investment

• 1-8 Wilks Way, Grange Park, Northampton NN4 5DW
• DESCRIPTION
• These are two long leasehold ground rent investments constructed about three years ago. Both are built on new district centres that are anchored by supermarkets and have other shopping as well as medical centres and nurseries.
• At Northampton the eight apartments are on first and second floors with access front and rear together with cycle store and bin store and ground floor level. Parking is allocated at one space per apartment plus four spaces not allocated.
• At Peterborough all twelve apartments are all at first floor level though some have upper floors. The access is split and there is a cycle store and bin store and ground floor level. Parking is allocated at one space per apartment.
• TENANCIES and SERVICE CHARGES
• All tenancies are on leases paying £100 p.a. and the Northampton leases have provision for reviews. The reviews are linked to the capital value of the flats. Please see lease.
• The head leasehold interests are for 200 years from April 2003 at a peppercorn rent.
• The tenants pay service charge included in which is an amount chargeable by the head lessee for management. The insurance in both cases is placed by the freeholder who owns the remainder of the District Centre.

Northampton Ground Rent Investments Always Required