For Sale By Auction | 14:00, 13 December 2018 | Lot 53

Head Leasehold Ground Rent Investment, 1-11 Trinity Place, & 47A, 47B, 49 & 49B Westleigh Lane, Leigh, Greater Manchester, WN7 5SL

*Guide | £15,500 (plus fees)

  • Property For Sale
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 13/12/2018

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

A Head Leasehold Ground Rent Investment Secured Upon Ten Houses & Six Bungalows Total Current Gross Rent Reserved £1,600pa (rising)

Ground rent investment secured upon ten houses and six bungalows. Each property is subject to a lease for a term of 800 years from 1st July 2013 (thus having approximately 795 years unexpired) at a current ground rent of £100 per annum (rising). Tenure The property is held under Three Head Leasehold Titles. Each Lease is for a term of 999 years from 23rd July 1855, 22nd June 1877 and 24th September 1890 respectively. Please refer to the legal documentation for further details. The property is situated on the west side of Westleigh Lane, approximately 1.5 miles to the north of Leigh town centre.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating N/A

Local Authority

Wigan Metropolitan Borough Council

Additional Fees

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

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £900 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.