Property Details
Pugh Auctions
Lot 008
Lot 008
Auction: April 2019

Freehold Residential Ground Rent Investment, Windham Street, Rochdale, Greater Manchester, OL16 2PX

Property Details
Location

The land and development is on Windham Street which is accessed from Halifax Road (A58). Rochdale town centre is approximately 2 miles to the south west.

Description

Freehold parcel of land which contains a completed residential development of 12 bungalows built in 2016 and all which have been sold off by way of individual 250 year leases with a current ground rent reserved of £175 per annum per house / lease which increases by £50 per annum every 10 years up to a maximum of £750 per annum ground rent per lease. Total current rent reserved is £2,100 per annum. The parcel of land being sold includes the roadway, foopaths, parcel of amenity land plus two vacant parcels of land which could have development potential subject to gaining the necessary consents.

Accommodation


12 Individual Bungalows as noted by land registry title plan GM676996

Approx Site Area

All of the land within land registry title number GM676996 is being sold, the plan is at the website and contained within the legal pack.

Tenure

Freehold.

Planning

Interested parties should consult with the Local Planning Office, Rochdale Borough Council, Floor 3, Number One Riverside, Smith Street, Rochdale, OL16 1XU. Tel: 01706 924387 Email: development.control@rochdale.gov.uk.

Tenancy

All the 12 houses have been sold by way of individual 250 year leases from 2016, each lease states a commencing ground rent of £175 per annum which increases by £50 every 10 years up to a maximum of £750 per annum per lease. The total current ground rent reserved from the 12 leases is £2,100 per annum.

Property Location Address:
Freehold Residential Ground Rent Investment,
Windham Street,
Rochdale,
Greater Manchester,
OL16 2PX
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Auction Details
Auction: April 2019 Date: 9th April 2019 Lot Number: 008 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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