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. Costs 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 (su…

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