For Sale By Auction | 12:00, 11 December 2024 | Lot 85

Ground Rents at 2-18 (even) Crossfield Street, & 18-48 (even) Primrose Hill, Blackburn, Lancashire BB2 3BJ

*Guide | £55,000 (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 01772 772450 for more information

Auction Date

Wed 11/12/2024

Auction Time

12:00

Auction Venue

Online Auction

Twenty-Five Freehold Ground Rents Producing £6,250 pa

Freehold ground rent investment of 25 x properties for a term of 999 years from 24th January 2019, each paying £250 per annum. Total income = £6,250 per annum. The leaseholders being Salvation Army Housing Association. The leases include rent reviews every 25 years (RPI linked) Please refer to the legal pack for further information. Tenure: Freehold Title number: {tab}LA635826 Length of Lease/Term: Ground Rent : £ Service Charge: £ Council Tax Band : Local Authority: Blackburn & Darwen Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Local Authority

Blackburn with Darwen Borough Council

Solicitors

Farleys Solicitors, Ref: Farleys Solicitors, Tel: 01772 754450

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 1.98% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.