Land for sale

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Land for sale

FGR's, 58, 66 & 86 Charterfield Drive, Kingswinford, West Midlands, DY6 7RD
£22,000

Our Summary

  • Guide Price = £18,000 - £22,000 Property for auction on 10th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT Property Description: A Portfolio of Freehold Ground Rents, secured upon four modern houses comprising two mid terraced and two detached chalet style dwellings of brick construction with pitched tile clad roofs, located in Charterfield Drive which leads via Stallings Lane off Wolverhampton Road (A491), forming part of an established residential area situated approximately 3/4 mile to the north of Kingswinford & four miles north of Stourbridge Town Centre

Description

This property is a portfolio of freehold ground rents secured on four modern houses in Charterfield Drive, Kingswinford. The houses are brick construction with pitched tile clad roofs and are situated in an established residential area approximately 3/4 mile north of Kingswinford and four miles north of Stourbridge Town Centre. The properties are subject to long leases with terms of 99 years, with leases expiring between 2071 and 2073. The ground rents are £35-£50 per annum, resulting in a total current income of £165 per annum. The freehold title is WM474285, and legal documents are available. The property is being sold at auction on September 10th, with a buyer's administration fee of £650 including VAT.