Sold for £11,000

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Freehold ground rents of £918 pa secured against 6 x ground floor commercial units and 6 x duplex flats above

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Description/Location

Flats 12-22 Laurel Road are held on leases for 999 years from 12/09/2002 and produce ground rents of £100 pa each. 46-50a Shaw Road - 999 years from 27/10/2011 producing ground rent of £118 pa. 52 and 52a Shaw Road - 999 years expiring 31/12/3017 producing ground rents of £100 pa each. The lessees manage and insure.

Auctioneers Note: Flats 16, 18, 20 & 22 are registered to the same lessee, accordingly Section 5 Notices have not been served.

Tenure

Freehold

Local Authority

Stockport Metropolitan Borough Council

Office Contact

Please contact Ground Rent Auctions on 020 3987 0139.

Rent

Ground Rent: £918 pa

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.