Auction House London

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 and Disclaimer

Administration charge: £1,500 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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. 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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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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Enquire about 66 Rectory Park Road, Birmingham, West Midlands, B26 3LJ

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