Ground Rent Secured on 3 Kersal Crag, Salford, M7 4SL
Freehold ground rent in Salford
Sold for £50
The correct lease term for this property should read 999 years from 22/08/1973 paying a yearly ground rent to the freeholder of £25 pa and not as stated in the catalogue - updated 27/11/19 @ 12:58.
A Freehold Ground Rent Secured on a Private Dwelling
Property DescriptionA freehold ground rent secured on a residential property.
Lease DetailsThe property is subject to a 999 year lease from 21st August 1973 (Approx. 951 years unexpired) at ground rent of £25 per annum. (See legal pack for further details and a copy of the lease).
CostsPlease refer to the legal pack.
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
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*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
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Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.