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Land for sale
FGR's, 54 & 64 Sandwood Drive & Two Electricity Substations, Birmingham, West Midlands, B46 1NG &, B44 8SD
£18,000
FGR's, 54 & 64 Sandwood Drive & Two Electricity Substations, Birmingham, West Midlands, B46 1NG &, B44 8SD
£18,000
Our Summary
- Guide Price = £15,000 - £18,000 Property for auction on 10th December at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: Two Freehold Ground Rents, secured upon semi-detached houses of brick construction with pitched tile clad roofs located in Sandwood Drive which leads via Dyas Road, forming part of an established residential area situated approximately 1 miles to the south-west of Kingstanding Town Centre
Description
This property is a unique opportunity to purchase two freehold ground rents, secured on semi-detached houses in Sandwood Drive, Kingstanding, Birmingham. The properties are brick-built with pitched tile roofs and are situated in an established residential area, approximately one mile from Kingstanding Town Centre. The ground rents are secured on leases with varying terms, with the majority expiring in 2058, and the total current ground rent income is £46 per annum. Additionally, the lot includes two electricity substations, one located to the rear of Sandwood Drive and one on Mercer Avenue, Water Orton. The property is being sold through an auction on December 10th, with a guide price of £15,000-£18,000, and a buyer's administration fee of £650 including VAT.