These properties were held leasehold from Adriatic Land Limited (freeholder) by the leaseholders for a term of 900 years from 2006 and at a rent of £200 pa reviewable in line with the Retail Price Index at five yearly intervals, with £263 pa then payable.
Orme Associates have acquired the freehold to two properties at the time of writing, with a further to agreed and awaiting completion, the price paid was £5270 per property, negotiating the Landlords valuer down from £8500, and the Landlords fees were agreed on average at £1000 + VAT in total.