49 Pembroke Crescent, Hove, BN3 5DF

about this property

Unusual reversionary interest with Head Lease expiring in 4 years time (September 2028) A substantial red-brick detached building in prime residential location in central Hove.
The entire building is let on a Head Lease (dated 01.12.1978) for a 50 year term from 29th September 1978 at a fixed ground rent of £200 pa. This is a Full Repairing & Insuring Lease.
There are 2 Under Leases granted out of the Head Lease as below. The first floor (rear) half landing flat comprises a small studio flat with a main studio room (including bay window), a separate kitchen and shower/WC -this flat is not held on an under lease and will revert to the freeholder in September 2028.

The property is arranged as 3 flats with 2 of the flats being sold off on leases as follows:-

GROUND FLOOR FLAT (49A)
Comprises a flat (EPC measurement, 59 sq.m.) which includes a right to use the gardens and garage to store garden implements. Sold off on under lease for 50 years lease (-3 days) from 29th September 1978, therefore also expiring in September 2028 - ONLY 4 years remaining on lease. £10 fixed ground rent.

UPPER MAISONETTE (49B)
(part 1st/2nd floors) has an extended lease for a term of 140 years from 29th September 1978 (94 years remaining) - statutory lease extension from 2017.Peppercorn rent.

All copy Leases in legal pack. No notices are required under the Landlord and Tenant Act 1987 sec 5.