The entire property including car park and grounds is held leasehold on the remainder of a 999 year lease w.e.f. 3 November 2005 at a peppercorn. The 1st floor (building footprint only) is held by a 3rd party on a similar long leasehold basis but benefits from right of access and allocated car parking spaces. The long leaseholder of the subject property will have control over the service charge arrangements for the entire site and common areas of the building with the ground floor and first floor sharing those costs.