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Land for sale
FGRs 5, 30 & 45 Gibbs Hill Road, Birmingham, West Midlands, B31 3NY
£22,000
FGRs 5, 30 & 45 Gibbs Hill Road, Birmingham, West Midlands, B31 3NY
£22,000
Our Summary
- Guide Price = £18,000 - £22,000 Property for auction on 9th July at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT This Lot now comprises of only 3 Freehold Ground Rents as the FGR for 46 Gibbs Hill Road is excluded from the sale due to purchase by the Lessee
Description
This property is a portfolio of three freehold ground rents, secured on three terraced houses in Gibbs Hill Road, Longbridge, Birmingham. The properties are brick-built with pitched tile roofs and are located in a established residential area, approximately one mile south-east of Longbridge Town Centre. Each property is subject to a long lease for 99 years, expiring in 2062, with a current ground rent of £28 or £29 per annum. The total current ground rent income is £86 per annum. The freehold land registry title number is WM217769, and legal documents are available. The buyer's administration fee for this lot is £650 including VAT. The property is being sold by auction on July 9th at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT, with a guide price of £18,000-£22,000.