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Land for sale
Metro Court, 150 High Street, West Bromwich, B70 6JJ
£75,000
Metro Court, 150 High Street, West Bromwich, B70 6JJ
£75,000
Our Summary
- For Sale By Public Auction on 11 December 2024 starting at 08:30 AM - Freehold Interest of 47 ground rents secured on 46 residential flats and a retail/basement areaTotal gross income £7,642
- Viewing TimesLive-streamed AuctionPlease note that the Auction will be livestreamed via our website
- You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction
Description
For sale by public auction on December 11, 2024, is a freehold interest in 47 ground rents secured on 46 residential flats and a retail/basement area in West Bromwich, a market town in the borough of Sandwell, just 7 miles northwest of Birmingham. The ground rents, which total £7,449.93 per annum, are for a term of 250 years from September 2020, while the basement and ground floor levels are for a term of 999 years from January 1999. The property generates a gross income of £7,642.43 per annum, with a rent review scheduled for August 2030. The auction will be livestreamed, and bidders can participate remotely via proxy, telephone, or online, with pre-registration required by 3 pm the day prior to the auction.