Tel: 07553 343 365     |     Email: andreworme@orme-associates.co.uk

Case Study

Littledales Park (three properties)

ID: 834
Location: Hartford, CW8 2ZL
Details:

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.

 

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Orme Associates Property Advisers is the trading name of Monument Square Ltd (Co Reg. No 09909965), registered office 9A York Street, Liverpool, L1 5BN