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Land for sale
Freehold Land at Longbridge Lane, Birmingham, West Midlands B31 2AJ
£100
Freehold Land at Longbridge Lane, Birmingham, West Midlands B31 2AJ
£100
Our Summary
- Auction date commencing on Monday 03rd March at 1pm and ending 24 hours later on Tuesday 04th March at 1pm with Auction House Please register to bid via our website - auctionhouse
- The freehold land interest being sold at auction is situated in a very busy main road shopping junction mainly fronting Longbridge Lane and ending at the junction of the High Street
- Under current UK Common Law and as stated under Section 263 (1) of the Highways Act 1980 , the freeholder of the land (meaning the successful auction buyer of this lot) will still own the freehold interest to the unused land interest below ground sub soil level and the remaining unused airspace above the road /pavement surfaces not needed for maintenance
Description
A plot of freehold land is being auctioned off, situated in a busy main road shopping junction in Longbridge, Birmingham. The land, which is tinted in red on the display plan, is mainly fronting Longbridge Lane and ends at the junction of the High Street. The land is used by Birmingham Council, and the successful bidder will own the freehold interest to the unused land below ground and airspace above the road surface, subject to certain conditions. The location is just a few minutes' walk from Longbridge Train Station and has excellent transport links by rail and road. The area has been redeveloped and is a popular residential and commercial location, with major retailers such as Sainsbury's/Argos and Marks & Spencer nearby. The auction will commence on March 3rd and end on March 4th, with an administration fee of £1200 inc VAT payable on exchange of contracts.