We have successfully disposed of the 8 year unexpired lease on some 5,517 sq ft + 2 flats to an unnamed purchaser for consideration of just over £6.5m which was secured by securing the right to acquire the Freehold, facilitating a profitable subsequent disposal of the interest.
Tony Lorenz comments that there is a coercion of law whereby Leases held on entire buildings of over 21 years on commencement are sometimes enfranchisable, entitling the Leaseholder to force the Landlord to sell the Freehold at market terms.
Agency Disposal | Anthony Lorenz | Andrew Knights | Anthony Epenetos
