0 Bed Land For Sale

Guide Price = £15,000 - £18,000



Property for auction on 10th December at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT



Property Description:

Two Freehold Ground Rents, secured upon semi-detached houses of brick construction with pitched tile clad roofs located in Sandwood Drive which leads via Dyas Road, forming part of an established residential area situated approximately 1 miles to the south-west of Kingstanding Town Centre. In addition the lot includes two electricity substations, one located to the rear of Sandwood Drive and one fronting Mercer Avenue, Water Orton, B46 1NG



Leasehold Information

54 & 64 Sandwood Drive are each subject to a long lease for a term of 99 years which expires on 28th September 2058, (Less than 33 years unexpired), each paying a Ground Rent of £15 per annum.



The Substation to rear of Sandwood Drive is subject to a long lease for a term of 99 years which expires on 28th September 2058, (Less than 33 years unexpired), paying a Ground Rent of £15 per annum.



The Substation on Mercer Avenue is subject to a long lease for a term of 99 years which expires on 24th March 2064, (Less than 39 years unexpired), paying a Ground Rent of £1 per annum.



Total Current Ground Rent Income: £46 per annum.



Freehold Title No's: Refer to Legal Documents



Legal Documents:

Available at


Viewings:

Not Applicable.



The Buyers Administration Fee for this Lot will be £650 including VAT