COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 06 May 2020 | Lot 39

254 Station Road, Stechford, Birmingham, West Midlands, B33 8QR

*Guide | £120,000+ (plus fees)

  • Block of Apartments
  • Tenure: Freehold subject to a lease for a term of 99 years from 25th March 1929 producing a ground rent of £6 per annum. The lease expires in 2020 thus there are just 8 years unexpired.

Call the team on 020 7625 9007 for more information

Auction Date

Wed 06/05/2020

Auction Time

12:00

Auction Venue

Live Stream Only

A Highly Reversionary Freehold Ground Rent Investment Secured Upon a Three Bedroom Semi-Detached House Producing £6 per annum. There are 8 Years Unexpired on the Lease.

The property comprises a ground rent investment secured upon a three bedroom semi-detached house arranged over ground and two upper floors.

Tenure

Freehold subject to a lease for a term of 99 years from 25th March 1929 producing a ground rent of £6 per annum. The lease expires in 2020 thus there are just 8 years unexpired.

Location

The property is situated on a a residential part of Station Road set back from the main road. Nearby shops and amenities are easily accessible. The open spaces of Bordesley Green Rec are within easy reach. Transport links are provided by Stechford rail station.

Current Rent Reserved

Current Rent Reserved £6 per annum. 8 Years Unexpired on the Lease.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.