FGRs, 19, 23, 29 & 31 The Pollards... Land for sale

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FGRs, 19, 23, 29 & 31 The Pollards... Land for sale

FGRs, 19, 23, 29 & 31 The Pollards, Erdington, Birmingham, West Midlands, B23 5JR
£10,000

Our Summary

  • Guide Price = 8,000 - £10,000 Property for auction on 2nd April at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: A Portfolio of four Freehold Ground Rents, secured on modern terraced Bungalows of brick construction with pitched tile clad roofs, located in The Pollards which comprises a cul-de-sac located off Rutherford Road which, in turn, leads off Court Lane and forms part of the established residential suburb of Erdington

Description

This property is a portfolio of four freehold ground rents, secured on modern terraced bungalows in The Pollards, Erdington. The bungalows are of brick construction with pitched tile clad roofs and are located off Rutherford Road, which leads off Court Lane. Each property is subject to a long lease of 99 years, commencing on March 24, 1982, with approximately 56 years remaining. The current ground rent is £65 per annum, which will increase to £100 per annum in 2032 and £125 per annum in 2057. The total current ground rent income is £260 per annum. The property is being sold at auction on April 2nd at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT.
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