Property for sale
This lot is for sale by auction as lot 105 on 16th July . A Freehold Ground Rent Investment secured upon a Purpose Built Block arranged to provide Six Shops and Sixteen Self-Contained Flats Tenure Freehold. Location Fox Hollies Road is located approximately five miles from Birmingham city centre and the property is situated to the north of its junction with York Road. Local shops, schools, bus services, college and Spring Road Rail Station are all available. The more extensive facilities of Birmingham city centre are accessible to the north and provide a wider selection of shops, colleges, universities, hospital and Birmingham Rail Stations. Description The property comprises a ground rent investment secured upon a purpose built block arranged to provide six shops and sixteen self-contained flats. Tenancy Shops - Each held on a lease for a term of 999 years from 1st January (thus having approximately 990 years unexpired) at current ground rent of £100 per annum. Flats and Flats Fox Hollies Road Each held on a lease for a term of 125 years from 25th December (thus having approximately 98 years unexpired) at a current ground rent of £20 per annum. Total Current Rent Reserved £820 per annum Guide Prices. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller might be prepared to sell on the date on which the guide price, or range of prices, is published. The reserve price is the minimum price at which the property can be sold. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted 'subject to contract'. The latest published guide price, or range of prices, are displayed on our website. The latest published guide, or range of prices, will normally be at or above any reserve price. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any lot may exceed the previously quoted guide price - as the seller may fix the final reserve price just before bidding commences. If a guide price is listed as 'tba', it means that there is no guide price at present - please do not call our office. The guide price, or range of prices, will be published online immediately it becomes available at: Please check regularly for updates. Lots may be sold or withdrawn prior to auction.