Ground Rent Investment, Off Vernon Street, Bolton, Greater Manchester, BL1 2PP
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.
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.
The parcel of land is used as a surfaced car park & service, storage area for the public house.
Interested parties should consult direct with the Local Planning Office, Bolton Metropolitan Borough Council, Town Hall, Bolton, BL1 1RU. Tel: 01204 333333.
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.
The lot being sold includes the freehold mines & minerals of some adjoining parcels of land and full details are contained within the legal pack.
Off Vernon Street,
BL1 2PP Open in Google Maps
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