COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 17 June 2020 | Lot 40

66 Rectory Park Road, Birmingham, West Midlands, B26 3LJ

*Guide | £110,000+ (plus fees)

  • Block of Apartments
  • Tenure: Freehold subject to a lease for a term of 99 years from 25th December 1935 producing a ground rent of £6 per annum. The lease expires in 2034 thus there are just 14 years unexpired.

Call the team on 020 7625 9007 for more information

Auction Date

Wed 17/06/2020

Auction Time

12:00

Auction Venue

Live Stream Only

A Highly Reversionary Freehold Ground Rent Investment Secured Upon a Semi-Detached House Producing £6 per annum. There are Approximately 14 Years Unexpired on the Lease.

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

Tenure

Freehold subject to a lease for a term of 99 years from 25th December 1935 producing a ground rent of £6 per annum. The lease expires in 2034 thus there are just 14 years unexpired.

Location

The property is situated on a a residential road, close to local shops and amenities. The open spaces of Elmdon Park and Olton Jubilee Park are within easy reach. Transport links are provided by Acocks Green rail station and the M42.

Current Rent Reserved

Current Rent Reserved £6 per annum. 14 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.