Groundrents at 1-12 Matley Court, Mottram Road, Stalybridge, Greater Manchester SK15 2SA

A freehold ground rent investment secured against 12 apartments located within a desirable purpose built development. The ground rent income total £2,600 per annum against 999 year leases dated from April 2005. From January 2030 and for the succeeding 25 years the ground rent income from 8 of the apartments is scheduled to be twice the initial £200.00 per property, per annum rent. The rent income from the remaining 4 apartments will be £250.00 per property per annum from January 2026 to January 2030. From January 2030 the rent of these 4 properties is scheduled to be increased in line with the All items index value of the RPI for the base RPI month. (see schedule 1 Variation of the Lease).

Matley Court fronts onto the corner of Mottram Road (A6018) and Matley Lane on the outskirts of Stalybridge in a pleasant residential location.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fixed Fee of £1,200 inc. VAT

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.