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I paid £50,000 for the shop on leasehold.
In total, 53% of properties in the capital are on leasehold, and 46% in Manchester.
Housing associations sell around 9,500 affordable homes each year, many on leasehold contracts.
For example, in Bardsley, in Oldham, Greater Manchester, 81% of homes are on leasehold.
I recall two other heavyweight speeches, the first, on 26 January 1966, on grants to universities and colleges, the second, on 28 February 1966, on leasehold reform.
"People need to understand what they are buying into," says Andrew Fullelove, an associate of the Housing Quality Network, which advises social landlords on leasehold issues.
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Farmers of other ethnic groups operate on leaseholds of up to 30 years under the Agricultural Landlord and Tenant Act.
BDO does say that a "nil value" has been placed on the leasehold interest Hearts have on their training complex at Riccarton, Herriot Watt University.
Builders traditionally sold houses as freehold, but they've switched to leasehold on some estates, saddling buyers with spiralling ground rents.
At the Nam Hai, all but one of the first 38 villas were sold from 2005 to 2008 on a leasehold basis to international clients.
Most flats across the country are owned on a leasehold basis with the alternatives, share-of-freehold or commonhold, being relatively rare.
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