Property for sale in Bromsgrove B60, 0 Bedroom

Lot 19 - This lot is for sale by auction as lot 19 on Thursday 25th October 2018.

A Freehold Ground Rent Investment secured upon Fifteen Houses

- To be offered Collectively as One Lot
- Total Current Rent Reserved

£1,500 per annum

Tenure
Freehold.

Location
Jubilee Close runs off the west side of Shaw Lane in the village of Stoke Prior, approximately 3.5 miles to the south of Bromsgrove. The immediate area offers local shops and Stoke Prior Sports and Country Club, whilst Stoke Prior provides a post office and Stoke Prior First School. More extensive facilities are available to the north in Bromsgrove. The M5 Motorway is located approximately 2 miles to the west.

Description
The property comprises a ground rent investment secured upon fifteen houses each arranged over ground and first floors beneath a pitched roof. The houses will be offered collectively as one lot.

Tenancies
Each house is subject to a long lease for a term of 999 years from 10th April 2003 at a current ground rent of £100 per annum (rising).

Management and Insurance
The Freeholder has the right to manage and insure.

Seller’s Solicitor

Messrs mfg Solicitors (Ref: Sc).Tel: Email: Simon.Cooke@mfgsolicitors.Com

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 Lots may be sold or withdrawn prior to auction.