Ground Rent for Sale. Freehold site of 0.41 acre - producing Ground rent of £311.98 pa
Freehold site extending to approximately 1,659 sq m (0.41 acres) which is subject to a 999 year lease, dating back from 1878 (approximately 858 years remaining) at an annual fixed rent of £311.98 per annum. We are informed that the leaseholder obtained a planning consent for demolition of the existing building and erection of 17 town houses, however whilst the buildings have been demolished the planning permission has not been implemented. The site is situated on the northerly side of Drake Street (A640), adjacent to Speedwell Garage, approximately ½ mile south of Rochdale Town Centre.
Energy Efficiency Rating (EPC)
Current Rating N/A
Rochdale Metropolitan Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.