Freehold Ground Rent Investment

A freehold ground rent investment secured against 12 apartments. The property is located at Matley Court, which fronts onto the corner of Mottram Road (A6018) and Matley Lane on the outskirts of Stalybridge in a pleasant residential location. The ground rent income totals £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).