RESIDENTIAL GROUND RENT INVESTMENT

A development comprising 12 apartments and which we understand have each been sold on 139 year leases from 2002 producing a ground rent of £100 per annum ( total £1,200 per annum) .The ground rents are subject to increases by £25 every 30 years

The Head Lease is held for a term of 200 years from 1941 with a present head rent payable to the freeholder of £150 per annum.

We have been advised that the Head Leaseholder both insures and manages, Ground Rent Investments