A ground floor purpose built by “Laing Homes” apartment originally constructed in 1987 and offered for sale on the instructions of the Executors to the late Mary-Caroline Loizou who had occupied the property from new. The property is offered with immediate vacant possession and has had considerable upgrades during recent years.
Situated immediately off Wimbledon’s Broadway with comprehensive shopping facilities and within a 10 minute walk of two underground lines, main line British Rail and Tram link at Merton Park.
The Pelhams is a privately run development owned by in this case The Pelhams (Merton) No. 2 Residents Company Ltd, which is managed by Mr Alvin Lennard (telephone 020 8444 5377), Mr Lennard also acts as Company Secretary.
Sale Guide Price £435,000 for the remainder of a 125 year lease which commenced in 1988 and with a shareholding within the Residents Company which owns the Freehold.
Service Charge payable for the financial year 2017/2018 £1200.00 including buildings insurance.
Ground rent peppercorn.
The Freehold management company has recently offered all leaseholders the option to acquire a new 999 year lease in this instance for a premium of £4,180. The option to do this and to be involved is available to any buyer and at this stage the management company are exploring the options of repaying part of the premium payable for the lease extension by a dividend payable to the lessees who are members and shareholders of The Residence Company.