Long Leasehold - granted by the Council of the City of Coventry, for a term of 125 years, expiring March 2139 (approximately 114 years). We understand that the current ground rent is £15,300 per annum, with 5 yearly rent reviews to 11% of the market rent. Offers are sought in excess of £2,000,000 for the long leasehold interest, reflecting a low capital value of £62 psf.