How much for ground rent? What about spare car park space?Make Text Bigger
I am a freeholder of a block of 17 apartments and the lease is from 1/1/99 for 125 years.
Ground rent for each flat is £200.00 per annum rising to £400 on 1/1 2024 then doubled on 2048 every 24 years thereafter.
A. I would like to know what is a fair market value
B. I have additional car park spaces as well. I would like to know is I sell the ground rent can I keep freehold of the unallocated car park and sell the freehold?
P.S If anyone has the details of a solicitor dealing with ground rent, I would be very grateful.
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