Land for sale

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Land for sale

FGR's, 7, 17 & 67 Sorrel Walk, Brierley Hill, West Midlands, DY5 2QG
£16,000

Our Summary

  • Guide Price = £13,000 - £16,000 Property for auction on 22nd October 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 62 Sorrel Walk is excluded from the sale due to purchase by the Lessee

Description

This property is a portfolio of three freehold ground rents, secured on semi-detached houses in Sorrell Walk, Stourbridge. The houses are of brick construction with pitched tile roofs and are located approximately 2 miles east of Stourbridge town center. Each property is subject to a long lease that expires in 2065, with a current ground rent of £32 or £34 per annum. The total current ground rent income is £98 per annum. The property is being sold at auction on October 22nd with a guide price of £13,000 to £16,000. The buyer's administration fee will be £650 including VAT.