Lot 109 - 143-145 Whitecrest, Great Barr, Birmingham, B43 6ES


 
 

About the property

Freehold Ground Rents

Sandwell Metropolitan Borough Council

Situated near to the junction with Lammermoor Avenue, close to local shopping/travelling facilities including Hamstead Train Station and Birmingham City Centre.

Freehold Ground Rents amounting to £110.50 per annum derived from Two Self-Contained Flats each on a lease as follows:

143 Whitecrest – on lease for a term of 99 years from 29th September 1960 at a ground rent of £10.50 per annum. Valuable reversion in approximately 40 years.

145 Whitecrest – on lease for a term of 140 years from 1st January 2003 at a ground rent of £100 per annum.

In accordance with Section 5(B) of the Landlord and Tenant Act 1987, notices have been served on the lessees. The lessees have not reserved their rights of first refusal.

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Guide prices will be continually updated on our website up until the day of the auction.

There is a buyers fee payable to McHugh & Co of £1,000 incl. VAT for lots sold over £10,000. Lots sold for less than £10,000 a buyers fee of £300 incl. VAT is to be paid to McHugh & Co.

The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the special conditions of sale available in the legal documentation. Buyers are deemed to bid in full knowledge of this.

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