Sold for £15,250.

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A Parcel of 3 Freehold Ground Rents

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Description/Location

A freehold ground rent investment secured on one detached house and two semi detached houses. Preston Avenue lies off Sir Alfred's Way and forms part of the popular Newhall Estate. The photographs shown are house numbers 59 & 34.

Tenure

Freehold - subject to leases for a term of 99 years from 25/03/1980. The unexpired terms are approximately 63.5 years.
The annual ground rents are currently £75 for each house rising to £100 in 2046.

The buyer's administration fee for this lot is reduced to £450 plus vat.

Office Contact

Birmingham Office at 0121 456 1700

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.