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FGR's 4 Basin Lane (B77 2AH), 58 & 62... Land for sale
FGR's 4 Basin Lane (B77 2AH), 58 & 62 Glascote Road, Tamworth, (B77 2AD), & 45 Lilac Avenue, Sutton Coldfield, B74 3TS
£28,000
FGR's 4 Basin Lane (B77 2AH), 58 & 62 Glascote Road, Tamworth, (B77 2AD), & 45 Lilac Avenue, Sutton Coldfield, B74 3TS
£28,000
Our Summary
- Guide Price = £24,000 - £28,000A Portfolio of Four Freehold Ground Rents secured upon Semi Detached HousesProperty for auction on 9th July at 13:00at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DTpaying a Ground Rent of £30 per annum and 45 Lilac Avenue is subject to a long lease for a term of 99 years which expires on 24 March 2065 paying a Ground Rent of £26 per annum
Description
This property is a portfolio of four freehold ground rents secured on semi-detached houses, with a total ground rent income of £116 per annum. The ground rents are paid by the occupiers of the houses, with one property paying £30 per annum and another paying £26 per annum. The leases have varying terms, with one expiring in 2065. The property is being sold at auction on July 9th, with a guide price of £24,000 to £28,000. The buyer will need to pay an administration fee of £650 including VAT.