Auction House London

Lot 39

Block of Apartments - Flats / Apartments 

254 Station Road

Stechford, Birmingham, West Midlands, B33 8QR

£120,000+

Guide Price (plus fees)

A Highly Reversionary Freehold Ground Rent Investment Secured Upon a Three Bedroom Semi-Detached House Producing £6 per annum. There are 8 Years Unexpired on the Lease.

Description

The property comprises a ground rent investment secured upon a three bedroom semi-detached house arranged over ground and two upper floors.

Tenure

Freehold subject to a lease for a term of 99 years from 25th March 1929 producing a ground rent of £6 per annum. The lease expires in 2020 thus there are just 8 years unexpired.

Location

The property is situated on a a residential part of Station Road set back from the main road. Nearby shops and amenities are easily accessible. The open spaces of Bordesley Green Rec are within easy reach. Transport links are provided by Stechford rail station.

Current Rent Reserved

Current Rent Reserved £6 per annum. 8 Years Unexpired on the Lease.

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Due to government guidelines, we will not be hosting Open House Viewings. For further information, please register for the legal pack. For all enquiries, please contact Jamie Royston on jamie@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about 254 Station Road, Stechford, Birmingham, West Midlands, B33 8QR

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