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Freehold Ground Rents, Belle Vue Mansions, Steep Turnpike, Matlock, Derbyshire, DE4 3DP

  • Freehold ground rents - £500pa + service charge (and fees)
  • 6 apartments and a cottage within a stone built period property
  • Popular Peak District town location
  • 4 flats at £40pa, 2 at £150pa and cottage at £40pa
  • Service charge for year ending March 21 - £6,227.21 (including fees)
  • Freeholder entitled to service charge management fees of 15%

Rental Details
41- Ground Floor Flat - 150 Years from 23.02.2021 at £150pa
43- Ground Floor Flat - 200 years from 25.03.1980 at £40pa
45 -First Floor Flat - 150 years from 23.02.2021 at £150pa
47- First Floor Flat - 200 years from 25.03.1980 at 40pa
49 -Second Floor flat - 200 years from 25.03.1980 at £40pa
51- Second Floor Flat - 200 years from 25.03.1980 at £40pa
53- Ground Floor Cottage -200 years from 25.03.1980 at 40 pa

Service Charge
Flats 41-51 pay the same service charge to cover buildings insurance, heating of the common parts and some heating in the flats, electricity for the common parts, fire alarm, roof/building/drainage repairs, etc.

Year to 31 March 2021 was £1,000.59 per flat
Year to 31 March 2020 was £1,071.32 per flat

The cottage at the end, number 53 is just buildings insurance and any external repairs. £223.67 (2021) and £396.04 (2020).

The Freeholder is entitled to management fees at 15% in addition to the annual service charge. These are included in the figures above.

Notices
Section 5b notices of the Landlord & Tenant Act 1987 have been served

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