Lot 189 - This lot is for sale by auction as lot 189 on Thursday 25th October 2018.
A Head Leasehold Ground Rent Investment secured upon Ten Houses and Six Bungalows
Total Current Gross Rent Reserved
£1,600 per annum (rising)
Tenure
Head Leasehold. Please refer to the legal documentation for further details.
Location
The property is situated on the west side of Westleigh Lane, approximately 1.5 miles to the north of Leigh town centre. A selection of local facilities is available, including shops, Westleigh Post Office, Westleigh St Paul’s Primary School and the open spaces of Westleigh Park. The more extensive facilities of Leigh are to the south.
Description
The property comprises a ground rent investment secured upon ten houses and six bungalows.
Tenancies
East 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).
Seller’s Solicitor
Messrs Jamesons Conveyancing(Ref: Clint Hughes). Tel: Email: Clinthughes@jamesons-conveyancing.Co.Uk
Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.
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