Freehold Ground Rent Investment – Producing £7,680 pa.
Freehold ground rent investment of 40 apartments with car parking each paying £192 pa (when sold). The leases are for 999 years (the first commencing November 2019) and incorporate 10 yearly rent reviews to RPI. The total rental income therefore £7,680 pa. The Apartments are constructed of 5 blocks Nos 2-6, 8-12, 14-18,20-24 and 26-30 Orchard Street. Location Orchard Street branches directly from Burton Road in the heart of West Didsbury. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Energy Efficiency Rating (EPC)
Current Rating N/A
Manchester City Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.5% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Referral Fees – We offer referred services via 3rd party suppliers which we believe you may benefit from in aiding the primary service we provide. You are under no obligation to use these services, and you should consider your options before accepting any third parties' terms and conditions for which we are not responsible. On some completed transactions they pay referral fees to ourselves. These fees average £300 inc VAT.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.