We are offering for sale the potential to acquire the Freehold interest in this above house comprising of three units, being a garden flat, a ground and first maisonette and a second and third maisonette. Together with two leasehold interests being flats 1 and 3. Although these currently have lease lengths expiring on 14th March 2037 they can easily be extended to 999 years with the purchase of the freehold.
The ground and first floor maisonette is currently being held on a long lease expiring on 14.3.2127 but contains a section 61 development right.
Under the terms of the section 61 notice invoking redevelopment the freeholder has the right to redevelop the property giving notice of a year in advance of the end of the initial lease (14/03/37) where the market price can be paid for the ground/first.