The Old Ground Property Co. Ltd

City Road

The Development
We have agreed to purchase five units of the development, 3 one-bedroom apartments and 2 two-bedroom apartments. The development will consist of 18 apartments, all other units were sold to investors in the city earlier this year. The apartments are spacious and built to a very high standard. All apartments come with fully fitted kitchens, granite worktops and integrated appliances. Bathrooms are partly tiles with chrome towel rails and recessed lighting. Oak flooring in reception, hall and kitchen, camaro floor tiling in bathrooms and neutral carpets in bedroom. (The floor plans are contained in Appendix I)
• Gas fired central heating. • Entry phone system. • Satellite phone points. • Chrome downlighters to all rooms. • Ten year NHBC cover.
click image to enlarge
As is the norm in the UK, investors will purchase long leaseholds from the Developer, who will retain ownership of the freehold. The leasehold term will be 125 years and leaseholders will have rights of renewal under current UK legislation. Leaseholders will pay an annual ground rent to the owner of the freehold at a proposed rate of Stg£300 per annum, indexed every 10 years in line with the UK Retail Price Index.
<<<PREVIOUS NEXT>>>
Back to index