Ground Rents At Bolton Road, Adlington, Chorley, Lancashire PR6 9AB
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Read more Read moreA portfolio of ground rents secured to 159 dwellings located on a modern estate in a residential area. The ground rents are £250 per annum for 129 of the dwellings, while the remaining 30 dwellings are subject to a peppercorn rent. The total gross income receivable is £32,250 per annum. The dwellings are let on long leases with approximately 847 years remaining. The property is held under two titles: one leasehold title with 913 years (less 10 days) remaining from 25th March 1960, and one freehold title. The undeveloped area to the east of the estate is also subject to a sublease for 913 years (less 10 days) from the same date.
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