Ground Rent on 104 Units in Manchester (SOLD 2013)



Ground Rent Details

Ground Rents Sold >> Long Leases

  • No. of Units104
  • Total Income £ 26,000
  • Length of Lease125
  • Lease Start Date1 Jan 2007
  • Details of UpliftNo uplifts
  • Date of Next UpliftN/A
  • Management/InsuranceY/Y
  • Price£ 416,000
  • Any Further Commentsground rents in Manchester. Please call for further information. GROUND RENTS URGENTLY REQUIRED - BEST PRICES ALWAYS ACHIEVED

Block Property No. of Units Terms of Tenancy Current Annual Rent
A Flats 47 to 90 44 Flats Each flat is subject to a 125 year lease from 1st Jan 2007 at a ground rent of £250 p.a. £11,000
B Flats 27 to 46 20 Flats Each flat is subject to a 125 year lease from 1st Jan 2007 at a ground rent of £250 p.a. £5,000
C Flats 1 to 26 (exc 13) 25 Flats Each flat is subject to a 125 year lease from 1st Jan 2007 at a ground rent of £250 p.a. £6,250
D Flats 126 to 140 15 Flats Each flat is subject to a 125 year lease from 1st Jan 2007 at a ground rent of £250 p.a. £3,750

Total Current Rent Reserved £26,000 per annum

Section 5 notices not required as as the majority of the lessees are non-qualifying tenants.



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