Property for sale89 Kingshurst Road, Birmingham, West Midlands
- For sale by auction
- Ground Rent
- Number of Bedrooms: 0
- Number of Bathrooms: 0
- Number of Reception Rooms: 0
This lot is for sale by auction as lot 55 on 4th April 2013. Full and up to date details of this property, terms and conditions for the auction, and legal documentation for this lot are available at www.allsop.co.uk.
A Freehold Reversionary Ground Rent Investment secured upon a Semi-Detached House. Reversion in 2036
The property is situated on Kingshurst Road to the south of its junction with Great Stone Road. The extensive shops and facilities of Birmingham city centre are approximately 5 miles to the north-east. Rail services run from Northfield Station situated approximately a ¼ of a mile to the south. Road access is provided by the nearby A38 which provides access to the M5 Motorway to the south-west (Junction 4) and Birmingham city centre to the north-east.
The property comprises a reversionary ground rent investment secured upon a semi-detached house arranged over ground and first floors beneath a pitched roof.
The property was not internally inspected by Allsop. The following information was provided by the Vendor.
We understand the property provides:
Three Bedroom Accommodation
The property is subject to a lease in favour of Birmingham City Council for a term of 99 years from 24th June 1937 (thus having approximately 23 years unexpired) at a ground rent of £6 per annum.
Current Rent Reserved £6 per annum.Reversion 2036
Guide Price. Please note, that guide prices are intended to indicate an approximation of the minimum acceptable price to each client. These guide prices should not be interpreted as asking prices and are purely for guidance. Guide prices are subject to contract and subject to alteration. Prospective purchasers are strongly advised to contact Allsop in order to check the availability of each lot prior to the auction sale. Whilst every effort is made to ensure that a guide price is not misleading, it is possible that the reserve price set for any auction lot may exceed the previously quoted guide price. The most up-to-date guide prices are always featured on our on-line service at: www.auction.co.uk.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Allsop , Auction on 0207 494 3686.
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