Ground Rent – Gedling Court , London SE1

GEDLING COURT JAMAICA ROAD LONDON SE1 – £260,000

A modern development consisting of 26 private flats and which have each been sold on 125 years leases from 2009 with a ground rent of £500 per annum ( total ground rent income: £13,000 per annum) and which double every 25 years.

There are in addition 12 affordable flats that produce no ground rent income and two commercial units which are to be sold on 999 years leases at a peppercorn.

The freeholder has control over both the management and Insurance.