Next auction Thursday 15th August 2.30PM

34 Houses on Jubilee Avenue, Dukinfield, Cheshire, SK16 5ND



Unsold
Unsold
Unsold
Unsold
Unsold
Unsold
Unsold
Unsold
Guide price

£4,000+


Property Type

Investment

Bedrooms

34


Key Features

  • Comprising a portfolio of freehold ground rents secured against 34 Leasehold houses.
  • An opportunity to purchase an attractive management opportunity
  • Last 2 enfranchisement purchases in 2024 have been at £1,000 & £1,500 per property (the Lessees paid for the freeholders legal fees)

Part of the 20 June 2024 auction
Trent Bridge Cricket Ground at 2.30PM

An opportunity to acquire an attractive management opportunity comprising a portfolio of freehold ground rents secured against 34 Leasehold houses.

  • 34 Leasehold houses located on Jubilee Avenue
  • All title information available in the Legal Pack
  • Schedule of Ground Rents and lease terms in Legal Pack
  • Combined annual Ground Rent for 34 houses of £272.50
  • An attractive management opportunity
  • Potential to generate Ground Rent income
  • 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
  • Last 2 enfranchisement purchases in 2024 have been at £1,000 & £1,500 per property along with the Lessees paid for the freeholders legal fees

No viewings available

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, Auction Estates, and Vendors Solicitors 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 auction. Prospective Purchasers are advised to check with the auctioneers, Auction Estates, before the sale that the property is neither sold or withdrawn. The Purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.

Whilst Auction Estates make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of the properties in our auction and cannot therefore guarantee the safety and security of viewers. Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds, outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry to such sites is entirely at the viewers' risk.

Freehold subject to the leases stated in the Legal Pack with a total Ground Rent for the entire portfolio of £272.50 pa

Refer to Legal Pack

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