Lease Overview

Understanding your responsibilities and rights as a leaseholder at The Old Shipyard Estate

Most leases at The Old Shipyard Estate are long-term residential agreements, typically granted for 999 years from the mid-1990s. This provides leaseholders with long-term stability and is often referred to as “virtual freehold.”

Important Disclaimer: The information below is a general summary based on a sample lease issued in 1995. Lease terms may vary between apartments. This content is provided for guidance only and must not be relied upon for legal or contractual interpretation. For specific advice, leaseholders should refer to their individual lease document or consult a qualified solicitor.

Lease Length & Ownership

Leases are typically granted for 999 years from 24 June 1994.
Each leaseholder is issued one share in Shipyard Estate West Bay Management Ltd, the company that oversees the estate.

Financial Responsibilities

Ground Rent: A nominal “peppercorn” rent is payable annually.
Service Charges: Leaseholders contribute to the cost of insurance, maintenance, repairs, and estate management. Currently, service charges are supporting major works to restore and enhance the estate, ensuring long-term protection and improved standards.

Typical annual charges are approximately £4,000 per apartment, based on standard two-bedroom units. Charges may vary depending on unit size, type, timing, and future planned works.

Rates & Taxes: All local and national taxes on the property must be paid by the leaseholder.

Important Note for Prospective Buyers Service charge amounts and inclusions may vary year to year. The figure above is indicative only and must not be relied upon as a fixed or guaranteed cost. Buyers should request up-to-date service charge statements and forecasts from the managing agent or their solicitor.

Repairs & Maintenance

Internal Maintenance: Leaseholders must keep their flat in good repair, including fixtures, decoration, and monthly window cleaning.
External Maintenance: The board (as Lessor) maintains communal areas and structural elements. Leaseholders contribute via service charges.
Access for Repairs: The board and other leaseholders may access flats when necessary for maintenance or compliance.

Alterations & Use

Alterations: Written permission is required for any changes. Plans must be approved and comply with regulations.
Use Restrictions: Flats must not be used for illegal or immoral purposes. Business use is prohibited except for holiday letting.
Nuisance: Leaseholders must avoid causing annoyance, damage, or insurance issues for others.

Changes to the Demise & Garage Ownership

The demised property refers to the parts of the estate legally granted under your lease — such as your flat, garage, or any associated area.

Garages must not be sold, transferred, or owned independently of a residential flat at The Old Shipyard Estate.

Any proposed change to the demise — including separating or reallocating a garage — must be approved by the board in advance. In most cases, this will require a formal variation to the lease, which must be legally documented and registered.

Unauthorised changes may result in future disputes, delays in property sales, or complications with mortgage lenders. If you are considering any change to your leasehold property, please contact the board or managing agent before proceeding.

Legal & Transfer Requirements

Assignment & Subletting: Any change in ownership or subletting must be notified to the board. The new owner must enter into a direct covenant and transfer the associated company share.
Legal Costs: Leaseholders must cover legal and professional fees incurred by the board in relation to breaches, consents, or disputes.

Communal Areas & Conduct

Shared Use: Gardens, roadways, balconies, and other communal areas must be kept clear and used respectfully.
Estate Rules: Leaseholders must comply with any reasonable regulations issued by the board to preserve the estate’s character and amenities.

Living at the Estate

Practical guidance for day-to-day life at The Old Shipyard Estate

Pets

Pets are welcome, and many residents enjoy the companionship of cats and dogs.

Dogs must be kept on a lead at all times when in communal areas, including gardens, pathways, entrances, and shared spaces. Owners are expected to clean up after their pets and ensure they do not cause nuisance, distress, or damage to the estate or other residents.

⚠️ This guidance reflects current estate practice and board consensus. It is not specified in the lease but is considered reasonable and appropriate for communal living.

Parking

Permit System: Each unit is issued one parking permit for use in designated spaces within the estate.
Garage Access: No vehicles should be parked in front of garages at any time, to ensure access and safety.
Visitor Parking: There is no designated visitor parking on the estate. Residents are responsible for advising guests to park off-site or in nearby public areas.
Safe Driving: Please drive slowly and cautiously within the estate.