Weymouth Ground Rent Investment Acquired For Clients

• The Anchorage comprises 33 leasehold 1 bedroom flats and communal facilities.  The lease restricts occupancy to residents over 55 years of age.
• The ground rents are £315 per flat per annum with ground rent reviews at 21 year intervals.  All 33 flats pay this ground rent including those with extended leases.
• The lease provides for a payment to the freeholder equal to 1% of the sale price or open market value on each sale or underletting.
• The lease terms are as follows.
• 30 flats on 99 year leases from January 1986.
  3 flats on extended leases of 135 years from January 1986.
• The Warden's flat is presently empty and the Warden duties specified in the lease have been carried out by a non-resident Site Manager since June 2006.
• I believe this amounts to an informed variation of the lease, potentially making the flat available for other uses.

Weymouth Ground Rent Sales