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Thanks for your enquiry.
The Developers will be selling the Freehold interest to the whole building so it is not practical or possible for them to sell the appropriate sub sections of the building (ie each garage) to each of the Leaseholder's who own a garage.
What will happen is that if 51% of you agree, the Freehold of the whole building will be bought, meaning that those residents who purchased, won't then have any ground rent to pay on their respective garages and they will also be entitled to receive the ground rent which is payable by the Leaseholders who own the coach houses. The purchasers would have to set up a Management Company in whose name the Freehold will be purchased.
If you decide not to opt in with the purchase, nothing will change, other than you will be paying any ground rent for the Garage to the new Management Company as opposed to paying it to the existing Freeholder/Developer, if indeed you pay any ground rent.
I hope this assists and sets out the legal position.
If so, I would be grateful if you could rate my answer.
You can certainly ask, but it sounds to me that the Developer wishes to sell them all in one lot, which they are entitled to do. But, ask- you have noting to lose!
Hi, I would be grateful if you could rate my answer if I have assisted.
Hi, if I have answered your question, I would be grateful if you could rate my answer. Kind Regards Al