Ground Rents At Ivy Street & Steer Street, Burnley, Lancashire, BB10 1TD

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Property Details

Location

Description

A freehold ground rent investment portfolio secured against 12 terrace properties detailing a combined annual rent of £15. The sale includes a strip of amenity land adjoining 8 Ivy Street.

Location

The ground rents encompass 8-16 (even) Ivy Street and 2-14 (even) Steer Street which are two adjoining residential streets accessed via Colne Road approximately 1 mile north of Burnely.

Approx Site Area

Approximately 849 Sq M (1,015 Sq Yds).

Tenancy

We understand the ground rent payable for Ivy Street is a combined annual rent of £7 whilst the Steer Street is a combined annual rent of £8

Costs

1. Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

2. The purchaser is to make a contribution towards the Council's surveyors and legal fees in the total sum of 3% of the purchase price, subject to a minimum fee of £1,500. (£750 surveyors fees and £750 legal fees).

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 19TH SEPTEMBER AND CLOSES ON WEDNESDAY 20TH SEPTEMBER.

3. 8-16 Ivy Street are held on 2000 year leases dated 14th April 1871 and 2-14 Steer Street are held on 2000 year leases dated 16th April 1872

4. Prospective bidders are asked not to approach in dividual leaseholders or attempt to inspect the houses internally.