229 Properties in Various Locations, Accrington, Lancashire, BB5 2HQ
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£50,000+
Residential
229
229
229
Key Features
- An opportunity to acquire an attractive management opportunity
- Comprising a portfolio of freehold ground rents secured against 229 Leasehold properties. Mainly comprising residential houses with a handful of retail shops
- No letters offering leaseholders the opportunity to enfranchise have been issued
Part of the
23 April 2026
auction
Nottingham Racecourse
at
2.30PM
An opportunity to acquire an attractive management opportunity comprising a portfolio of freehold ground rents secured against 229 Leasehold properties. Mainly comprising residential houses with a handful of retail shops
- 229 Leasehold properties located in Accrington
- Mainly comprising houses with a handful of retail shops
- All title information available in the Legal Pack
- Schedule of Ground Rents and lease terms in Legal Pack
- Lease terms are 999 years, dates ranging from 1854 to 1894
- An attractive management opportunity
- Ground Rent to be confirmed
- Opportunity for deed of variation for property extensions
- Equally for deed of variation on property improvements
- Scope to collect notice fees from sales/re-mortgage
- Enfranchisement opportunity
- No letters offering leaseholders the opportunity to enfranchise have been issued
- First-time registration with HMLR in August 2024
- An ideal active asset management opportunity
By roadside at anytime
Fees
A buyer's premium of £1,800 inc VAT (£720 inc VAT if the sale price is less than £10,000) is applicable to each lot purchased. The Seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of sale. Buyers are deemed to bid in full knowledge of this.
Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily 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. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers seven days prior to sale and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to 11.30 am. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.
The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.
Freehold
Refer to Legal Pack