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FOR SALE

FREEHOLD GROUND RENT PORTFOLIO PRODUCING £5,185 P.A. - SOLD

MANCHESTER

0161 839 6409

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General
The Portfolio comprises the freehold interest in 16 residential houses and 6 apartments, producing an annual ground rent income of £4,425.00 (£5,185.00, subject to agreement and documentation of outstanding rent reviews). Provision is made in the leases for half yearly collection.

The leases are for a term of 999 years, made between Brown’s Homes Limited and the individual tenants. Under the terms of the lease, the tenants have a full repairing and insuring obligation, landlords consent is required for alterations and the use is restricted to a private residence only.

The leases make provision for 5 yearly upward only RPI index linked rent reviews. Time is not of the essence and rental demand has been made at the revised rental levels.

Please contact Jonathan Brownlow, jdb@wignallbrownlow.co.uk for further information.

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