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Land for sale
FGR's, 22 Teasdale Way, Stourbridge (DY9 7ET), & 276 Worlds End Lane, Quinton, Birmingham, West Midlands, B32 2SN
£14,000
FGR's, 22 Teasdale Way, Stourbridge (DY9 7ET), & 276 Worlds End Lane, Quinton, Birmingham, West Midlands, B32 2SN
£14,000
Our Summary
- Guide Price = £10,000 - £14,000 Property for auction on 22nd October at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: A Portfolio of Freehold Ground Rents, secured upon two semi detached houses of brick construction with pitched tile clad roofs, located Teasdale Way, Stourbridge and Worlds End Lane, Quinton, both forming part of established residential suburbs
Description
This property is a portfolio of freehold ground rents secured on two semi-detached houses in established residential suburbs of Stourbridge and Quinton. The properties, with brick construction and pitched tile roofs, are subject to long leases of 99 years, with less than 37 and 41 years remaining, respectively. The leases pay an annual ground rent of £25 and £30, respectively, generating a total income of £55 per annum. The property is being sold at auction on October 22nd, with a guide price of £10,000 to £14,000, and the buyer's administration fee is £650 including VAT.