We are advised by the seller; the property is Leasehold and there is a management company in place. The lease is dated 01.11.2003 for a term of 125 years and has a balance of 106 years remaining. There is a service charge of £2551.00 per annum which is payable monthly. The occupier of the property must be over 60, or where one resident is over the age of 60, the other must be over the age of 55. Pets are allowed with the landlords written consent. The property can be sub let subject to the age limits above and providing the occupier is capable of maintaining an independent and active lifestyle taking full advantage of the facilities offered on the estate.
The added benefit here is that there is no ground rent payable making a saving of £450.00 per year!