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Land for sale
Fgrs 144 & 224 Stamford Road, Brierley Hill, West Midlands, DY5 2QE
£10,000
Fgrs 144 & 224 Stamford Road, Brierley Hill, West Midlands, DY5 2QE
£10,000
Our Summary
- Guide Price = £8,000 - £10,000 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 2 Freehold Ground Rents as the FGRs for 106 & 154 Stamford Road are excluded from the sale due to purchase by the Lessees
Description
This property is a portfolio of two freehold ground rents, secured on two terraced houses in Stamford Road, Stourbridge. The properties are of brick construction with pitched tile roofs and are located in an established residential area, about two miles east of Stourbridge town centre. Each property is subject to a long lease with approximately 39 years remaining, paying a current ground rent of £30 or £35 per annum. The total current ground rent income is £65 per annum. The property is being sold at a guide price of £8,000 to £10,000 and is available for auction on October 22nd. Viewings are not applicable, and the buyer's administration fee will be £650 including VAT.