Collective enfanchisement / valuation

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D
D.Hilmi
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We are the freeholders of a building comprising of seven flats. We are currently in proceedings over the leasehold reform.

The collective leaseholders will shortly be valuing the three properties remaining in the building that we own. Two of which we will need a leaseback for as we are intending on marrying all three flats which will considerably increase their value.

We therefore want to vastly increase the total property value, ground rents etc. to enable us to get as good a deal as possible but at the same time keep the two properties we need a leaseback for to a minimum.

All the flats have leases with over 80 years remaining.

Do you have any suggestions on how we might achieve this or any advice at all for a freeholder when facing this situation?

06/11/2007 00:00

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