Freehold ground rent investment

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.