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Land for sale
FGR's 30 Cheveley Avenue (B45 9RE), 21 Coppice Drive (B27 7NQ) & 12 Damar Croft, Birmingham, West Midlands, B14 6PY
£19,000
FGR's 30 Cheveley Avenue (B45 9RE), 21 Coppice Drive (B27 7NQ) & 12 Damar Croft, Birmingham, West Midlands, B14 6PY
£19,000
Our Summary
- Guide Price = £16,000 - £19,000 Property for auction on 10th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: A Portfolio of Freehold Ground Rents, secured upon a mid terraced and two end terraced houses of brick construction with pitched tile clad roofs, located in Cheveley Avenue, Rednal, Coppice Drive, Acocks Green and Damar Croft, Kings Heath all forming part of established residential suburbs located to the south side of Birmingham City Centre
Description
A portfolio of freehold ground rents is being offered for auction, comprising four properties located in established residential suburbs in Birmingham. The properties are mid-terraced and end-terraced houses of brick construction, with pitched tile-clad roofs. Each property is subject to a long lease for 99 years, with lease expiry dates ranging from 2025 to 2069 and ground rents ranging from £30 to £35 per annum. The total current ground rent income is £100 per annum. The properties are not suitable for viewing, and the buyer's administration fee for this lot will be £650 including VAT. The guide price for the portfolio is £16,000 to £19,000.