Lot 44A - Lauderdale Mansions, Lauderdale Road, Maida Vale, W9 1LZ
 
 

About the property

Head leasehold Ground Rents and Porters Flat

In Same Ownership For approximately 30 Years

City of Westminster

Situated off Elgin Avenue in this most sought after residential area close to the local shopping/travelling facilities of Maida Vale and St John’s Wood including Maida Vale Tube Station (Bakerloo Line).

The property comprises a Head Leasehold Ground Rent Investment amounting to £15,600 per annum secured upon Seventy Eight Purpose Built Self-Contained Flats and a Porter’s Flat.

Head Leasehold. The property is held on a lease for a term of 999 years from completion at a peppercorn ground rent.

Note 1: There is Eleven Leases with valuable reversions in approximately 55 years.

Note 2: A Full Ground Rent Schedule is available within the Legal Pack.

Note 3: (Porter’s Flat) is a Two Bedroom basement Unit which is currently let at £15,000 per annum until 4th October 2023.

Note 4: We understand that there is no obligation on the headlessee to provide porter accommodation.

Note 5: The basement vaults and roofpsace leases will be retained by the seller within the freehold title.

The Lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Available at £1,270,000
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