- FPRA Member
Charminster Close Residents Company Limited
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Charminster Close Residents Company Limited |
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Charminster Close, Swindon is a development of 30, 2-bed apartments arranged into five blocks set in grounds in Nythe, Swindon. They are located close to local amenities such as the sports facilities (Cannons), cinema (Empire) and various restaurants. Charminster Close is also on the main bus route into Swindon centre. The apartments are held by Charminster Close Residents Company Limited on a 99 year head-lease at a ground rent of £1,950 per year, rising to £3,600 in 2036 and expiring on 24 June 2075. The apartments are leased by the company to lessees on an underlease also of 99 years at a ground rent of £65 per year per apartment, rising to £120 per apartment in 2036 with the lease expiring on 24 June 2075. The Right To Manage was exercised by owners through Charminster Close RTM Company Limited and commenced on 24 June 2007. All the lessees are invited to become members of Charminster Close RTM Company Limited and to participate in the management of the property which is undertaken by Charminster Close Residents Company Limited of which all the leaseholders are required to become members under the terms of the lease.
Buying or Selling: