Property Details
Pugh Auctions
Lot 070
Lot 070
Auction: October 2016

Cromwell Buildings, Rosemary Lane, Lancaster, Lancashire, LA1 1NR

Property Details
Location

The property is situated within the city centre fronting the A6. Within walking distance is the main retail core and it's associated amenities, local transport and nightlife. Lancaster is situated on the River Lune and is a university city, famous for its medieval castle and being the county town of Lancashire.

Description

Two storey block of purpose built flats on first and second floors above ground floor retail units, comprising 10 two bedroom units and 3 1 bed units.

Tenure

Leasehold for 125 years from 12th May 2004.

Tenancy

The entire property is let to a Housing Association for a term of 25 years from 12th May 2004, with a break option on the 15th anniversary of the term. There is a RPI rent review on 12th May 2018. The current rent รบ47,057.64 per annum.

Addendum

The tenure is leasehold for 125 years from 12th May 2004. he rent review is RPI linked. The Vendor has confirmed the current rent is 47,057.64. The Vendor has provided the description detail in respect of the number of 1 and 2 bed flats and notwithstanding what is stated in the lease they have confirmed the correct details are as per the catalogue entry. Notwithstanding the special conditions the Vendor's solicitor has confirmed that VAT is not payable.

Property Location Address:
Cromwell Buildings,
Rosemary Lane,
Lancaster,
Lancashire,
LA1 1NR
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Auction Details
Auction: October 2016 Date: 18th October 2016 Lot Number: 070 Doors Open: 12:00pm Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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