Re: Letter for leaseholders

[Sam Faulkner]

Hi Simon,

Please could you forward the following to the leaseholders on your list.

Dear Leaseholder,

As you are probably aware the freehold of 21, 22, 23 & 24 Wheler St and 36 Calvin St is being sold.

There are several leaseholders who are interested in purchasing the freehold between them and we have the right to buy if we can match the offer price.

The advantages of leaseholders owning the freehold include being able to allocate a 999 year lease on the flats and managing the upkeep and servicing of the building. It will, almost certainly, immediately pay for itself by adding value to your flat.

At this stage we have to get at least 50% of the owners to express an interest in purchasing the freehold. Supporting this at the moment does not bind you to buying, it just allows us an extra 2 months to work out how we would complete the purchase.

The purchase price for the entire freehold is £88,000. This is a fair market price based on the ground rent return and is the amount that Stairchain have accept from the third party purchaser.

If you have any interest in this matter at all, would like to find out more or have any questions please send me an email with your contact details to s...@samfaulkner.co.uk.

Best wishes

Sam Faulkner

Flat 10, 23 Wheler St E1 6NR

www.samfaulkner.co.uk

+44 (0)7973 883 690

On 8 Mar 2010, at 11:56, Simon moriarty wrote:

Sam,

Would you still like me to get in touch with existing leaseholders with regard to a internal purchase of the freehold? If you could send me a copy of the letter you wish to send I can forward it on to my mailing list.

Kind Regards

Simon

--
Simon Moriarty

Mob: 07875 380 035

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