Sold for £14,500.

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A Parcel of 2 Freehold Ground Rents

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Description/Location

A freehold ground rent investment secured on 2 semi detached houses. Stourbridge is a well regarded town around twelve miles to the west of Birmingham and Gigmill Way is a cul-de-sac off The Broadway. The photographs are house numbers 13 & 19.

Tenure

Freehold - subject to leases for a term of 99 years from 25/12/1961. The unexpired terms are approximately 45 years.

The annual ground rents are £25 for each house.

The buyer's administration fee for this lot is reduced to £350 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.