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Freehold Ground Rents At Chapel Bank Apartments, Walkley Bank Road, Walkley, Sheffield, South Yorkshire, S6 5AJ

  • Fourteen freehold ground rents
  • Secured to a purpose built development of twelve apartments
  • 200 year leases from January 2002
  • £100pa each - £1,400pa in total
  • Ground rents double after 50 years
  • Landlord & Tenant Act notices served

Description
Chapel Bank comprises a stone built development of twelve apartments occupying a prominent position at the corner of Walkley Bank Road & Walkley Road some three miles to the North West of Sheffield city centre

Lease Terms
The flats are leasehold for 200 years from 1st January 2002 with an annual ground rent of £100, double after 50 years. The overall income includes garden land belonging to flat 7 & 27 Walkley Bank Road

Landlord & Tenant Act Notices
Notices were served under Section 5 & 5b of the Landlord & Tenant Act 1987 on 5th December 2018, copies of which will be available with the legal pack

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