Auction House London

Lot 23

 

The Old Chapel

St. Pauls Square, Birmingham, West Midlands, B3 1QS

Sold for £35,000

A Freehold Ground Rent Investment Secured Upon Fourteen Self-Contained Flats and an Electricity Sub Station Producing £2,100 per annum.

Description

The property comprises a former Chapel converted into 14 apartments and an electricity sub station.

Location

The properties are situated in the iconic Jewellery Quarter. Transport links are provided by Birmingham Snow Hill and Jewellery Quarter rail stations. City Centre Gardens are also within easy reach.

Addendum

There are 14 flats in the building, not 12 as first published. The total income is £2,100 pa

Column 1 Column 2 Column 3
Property Lease Annual Rent
Apartment 1 150 years from 06/12/2003 £150 (rising)
Apartment 2 150 years from 06/12/2003 £150 (rising)
Apartment 3 150 years from 11/06/2004 £150 (rising)
Apartment 4 150 years from 06/12/2003 £150 (rising)
Apartment 5 150 years from 30/01/2004 £150 (rising)
Apartment 6 99 years from 25/03/1968 (48 years unexpired) £150 (rising)
Apartment 7 150 years from 06/12/2003 £150 (rising)
Apartment 8 150 years from 06/12/2003 £150 (rising)
Apartment 9 150 years from 06/12/2003 £150 (rising)
Apartment 10 150 years from 06/12/2003 £150 (rising)
Apartment 11 150 years from 06/12/2003 £150 (rising)
Apartment 12 150 years from 06/12/2003 £150 (rising)
Apartment 13 99 years from 1/4/2020 £150 (rising)
Apartment 14 99 years from 1/4/2020 £150 (rising)
Electric Sub Station 99 years from 20/03/1980 (59 years unexpired) Peppercorn

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their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction.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.

View Details as PDFEnquire NowFinance Available
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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