article_snippet.sent: But if any buyer decides to extend the lease, the property could be worth upwards of £6 million.
article_snippet.sent: But if any buyer decides to extend a 28-year lease, the 'bright and well proportioned' property with 1,990 sq/ft of space, could be worth upwards of £6 million .
article_snippet.sent: The current freeholder is thought to be The Welcome Trust and any buyer would have to negotiate a lease extension with The Welcome Trust and any buyer and, for a 90-year lease, it is likely to cost between £3.35 and £4.5 million.
article_snippet.sent: But Alex Newall, from Hanover Private Office, had a warning to potential buyers: 'It looks cheap, but there will be a massive premium to pay to extend
article_snippet.sent: Alex Newall, from Hanover Private OfficeHanover Private Office, said: 'It looks cheap, but there will be a massive premium to pay to extend the lease'. '
highlights_snippet.sent: Property experts said if a buyer decides to extend the lease, the property could be worth upwards of £6 million .
  
highlights_snippet.sent: But renewal would not come cheap with the cost for a new 90-year lease estimated at between £3.35 and £4.5 million .