Property Details
Pugh Auctions
Lot 084
Lot 084
Auction: December 2018

Ground Rent Investment, Off Vernon Street, Bolton, Greater Manchester, BL1 2PP

Property Details
Location

The land is accessed off Davenport Street close to the junction with Vernon Street and is located directly behind the Royal Hotel public house. The surrounding area is a mixture of residential & industrial properties. Bolton town centre is around 500 metres to the south.

Description

Freehold ground rent investment which is subject to a 99 year lease from 1983 at a current rent of £1,250 per annum which is subject to 5 year upwards only rent reviews.

Outside

The parcel of land is used as a surfaced car park & service, storage area for the public house.

Tenure

Freehold.

Planning

Interested parties should consult direct with the Local Planning Office, Bolton Metropolitan Borough Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333333.

Tenancy

The land is let by way of a 99 year lease from 19th January 1983 granted to a limited company at a current rent of £1,250 per annum which is subject to a 5 year upwards only rent review. We understand that the rent reviews from 2008, 2013 & 2018 are outstanding.

General

The lot being sold includes the freehold mines & minerals of some adjoining parcels of land and full details are contained within the legal pack.

Property Location Address:
Ground Rent Investment,
Off Vernon Street,
Bolton,
Greater Manchester,
BL1 2PP
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Auction Details
Auction: December 2018 Date: 6th December 2018 Lot Number: 084 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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