Ground Rent Investment producing £2,041.05 per annum

On Behalf of Liquidators… Description A freehold ground rent investment secured against a number of flats (25), garages (10) and car ports (14) within a purpose-built block producing a current rent of approximately £2,041.05 per annum. The leases are for a term of 999 years. Location Pinfold Court is a purpose-built block of flats fronting onto the corner of Pinfold Lane and Higher Lane (A665) close to the centre of Whitefield approximately 6 miles north of Manchester. A number of amenities available within the immediate vicinity including shops, supermarkets and schools along with medical, sports and leisure facilities. Tenancy The ground rents are secured against flats 1-26 (there is no flat 5) 14 x carports all of which have lease commencements dated 24th June 1969 for a period of 999 years, plus 10 x garages. The combined annual rent is calculated at approximately £2,041.05 p.a. Interested parties are advised to consult the ground rent schedule included as part of the legal pack. Tenure: freehold Title number: LA23513 Local Authority: Bury 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

Bury Metropolitan Borough Council

Solicitors

Drydens, Ref: Drydens

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.