Sold for £20,000

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Freehold ground rents secured against 74 houses, highways, verges and land equivalent to 4.2 acres with development potential subject to planning.

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Description/Location

An investment opportunity comprising the freehold land and a variety of terrace and end terrace houses at Kilsby Close, Cawdor Street, Edward Street, Barnwell Square and Glenfield Square. The houses are held on 999 year leasehold titles from 1981, 1982 and 1983 at peppercorn ground rents. We refer bidders to the legal pack for confirmation of ground rent and lease terms. Several parcels of land offer potential for the erection of more dwellings subject to the necessary consents. We believe the title will comprise land that is publicly maintained highway, buyers should make their own inquiries in this regard.

Tenure

Freehold

Local Authority

Bolton Council

Office Contact

Please contact Elliott Network Auctions on 01923 240420

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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.