For sale by auction 13th December 2017 WHY BUY?8 x short leasesCirca 50yrs remainingTotal rent passing £100pa DESCRIPTIONFreehold title for 8 x one bedroom flats all of which have short leases with circa 50 years remaining on their terms. Potential to charge premiums to extend the leases if the vendors of the flats wish to sell as they will currently be unmortgagable. There is a low ground rent of £12.50pa associated with each unit. LOCATIONThe flats are on sought after Bannister Hall Lane in Higher Walton which is close to the M6 and Bamber Bridge just outside of Preston. NB - This sale is for the freehold only.
For sale by auction 13th December 2017
WHY BUY?
8 x short leasesCirca 50yrs remainingTotal rent passing £100pa DESCRIPTIONFreehold title for 8 x one bedroom flats all of which have short leases with circa 50 years remaining on their terms. Potential to charge premiums to extend the leases if the vendors of the flats wish to sell as they will currently be unmortgagable. There is a low ground rent of £12.50pa associated with each unit. LOCATIONThe flats are on sought after Bannister Hall Lane in Higher Walton which is close to the M6 and Bamber Bridge just outside of Preston. NB - This sale is for the freehold only.