Lot 40
Block of Apartments - Flats / Apartments
66 Rectory Park Road
Birmingham, West Midlands, B26 3LJ
Unsold, please refer to Auctioneer
A Highly Reversionary Freehold Ground Rent Investment Secured Upon a Semi-Detached House Producing £6 per annum. There are Approximately 14 Years Unexpired on the Lease.
Description
The property comprises a reversionary ground rent investment secured upon a semi-detached house arranged over ground and two upper floors.
Tenure
Freehold subject to a lease for a term of 99 years from 25th December 1935 producing a ground rent of £6 per annum. The lease expires in 2034 thus there are just 14 years unexpired.
Location
The property is situated on a a residential road, close to local shops and amenities. The open spaces of Elmdon Park and Olton Jubilee Park are within easy reach. Transport links are provided by Acocks Green rail station and the M42.
Current Rent Reserved
Current Rent Reserved £6 per annum. 14 Years Unexpired on the Lease.
Addendum
For the avoidance of doubt the unexpired lease term is 14 years.
Additional Fees
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.
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There are no internal 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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