I own an apartment less than 4years old in a block of 26. An option to purchase the leashold of the block has been made to me from the current holder Morris Homes. The lease is 999 years at a price of £39k or £1500 per apartment. The ground rent is £100 per year per apartment. On the face of it this does not look like a good commercial opportunity! Or am I missing something. Is there anyone out there that can give some guidance/opinion?
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