Freehold ground investment yielding £25.00 per annum over 999 years.The freehold interest generates a ground rent and is to go under the hammer with no reserve price on the 12th February 2020
Remember its not the house that is up for auction it is the income from the ground rent!
Before buying at Auction, it is essential that you read our Notice to Prospective Buyers and the Common Auction Conditions.
You must not bid unless you have made yourself fully aware of the auction process. If you require help with this, please contact a member of the auction team.
Overview
The freehold interest generates a ground rent at a fixed yearly sum of £25.00 from 20th September 1973. The properties are located in a popular and sought after location with house prices for such town houses being circa £300,000
Notes
Lined plans and drawings are for purpose of illustration and identification only: refer to legal pack for title plan. We are not selling the property merely the freehold interest in the title.
Who, When, Where?
Edward Mellor Auction
Date: 4th February 2020 - Time TBC
Sheridan Suite, 371 Oldham Road, Manchester, M40 8RR
Bidding Information
If you are bidding for yourself you need to bring proof of ID: passport or driving licence, proof of address: bank statement, utility bill. Debit card, credit card, cheque book or banker's draft. Your solicitor's details.
If you are bidding on behalf of a Company, please bring the above ID (on condition you are a director) AND the certificate of incorporation for the company.
If you are bidding on behalf of another person/company please bring the above ID for both yourself AND the person/company who will be listed as the purchaser and a letter of authorisation from the purchaser for you to act and bid on their behalf.
Important Notice
Before buying at Auction, it is essential that you read our Notices to Prospective Buyers and the Common Auction Conditions
These can be found on our website www.edwardmellor.co.uk/auctions/buying-at-auction
You must not bid unless you have made yourself fully aware of the auction process
If you require help with this, please contact a member of the auction team
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
