FGRs 5, 30 & 45 Gibbs Hill Road, Birmingham, West Midlands, B31 3NY
- PROPERTY TYPE
Land
- SIZE
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Description
Property for auction on 9th July at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT
This Lot now comprises of only 3 Freehold Ground Rents as the FGR for 46 Gibbs Hill Road is excluded from the sale due to purchase by the Lessee. The Guide Price has been reduced accordingly to a range of £18,000 - £22,000
Property Description:
A Portfolio of Freehold Ground Rents, secured upon three terraced houses of brick construction with pitched tile clad roofs, located in Gibbs Hill Road which leads via Tomlan Road off Redhill Road, forming part of an established residential area situated approximately 1 mile to the south east of Longbridge Town Centre.
Lease Information
Each property is subject to a long lease for a term of 99 years which expires on 25th March 2062, each paying a current Ground Rent of £28 (No.5) & £29 (Nos. 30 & 45) per annum.
Total Current Ground Rent Income: £86 per annum.
Freehold Land Registry Title No.
WM217769
Legal Documents:
Available at
Viewings:
Not Applicable.
The Buyers Administration Fee for this Lot will be £650 including Vat
Brochures
Full CatalogueGeneral ConditionsViewing TimesImportant NoticesCommon Auction ConditionsBuyers Guide to AuctionLegal DocumentsFGRs 5, 30 & 45 Gibbs Hill Road, Birmingham, West Midlands, B31 3NY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Longbridge Station1.0 miles
- Northfield Station1.1 miles
- Kings Norton Station1.8 miles
Notes
Disclaimer - Property reference 297625. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cottons, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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 Cottons, Auctions on 0121 387 6518.
*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.”
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