Property for sale in Sutton Coldfield B74, 12 Bedroom
Quick Summary
- Property Type:
- Property
- Status:
- For sale
- Price
- £ 60,000
- Beds:
- 12
- County
- West Midlands
- Town
- Sutton Coldfield
- Outcode
- B74
- Location
- Hermes Court, Clarence Road, Sutton Coldfield B74
- Marketed By:
- Harman Healy
- Posted
- 2018-11-09
- B74 Rating:
- More Info?
- Please contact Harman Healy on 020 3463 7539 or Request Details
Property Description
Lot 16 **for sale by auction** on 8th November at 12:00 at Kensington Town Hall, 195 Hornton Street, Kensington, London W8 7NX
Freehold ground rents secured upon twelve flats - three highly reversionary with 48 years unexpired lease terms.
Freeholder manages and insures.
The lessees have not elected to take up their rights of pre-emption under the terms of Landlord and Tenant Act 1987.
Flat 1
Lease term of 110 years from 25/03/2004 - ground rent of £175 per annum rising
Flat 2
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 3
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 4
Lease term of 99 years from 24/10/1967 - ground rent of £25 per annum
Flat 5
Lease term of 110 years and 1 day from 24/03/2004 - ground rent of £200 per annum rising
Flat 6
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 7
Lease term of 99 years from 24/10/1967 - ground rent of £25 per annum
Flat 8
Lease term of 99 years from 14/10/1967 - ground rent of £25 per annum
Flat 9
Lease term of 110 years from 25/03/2004 - ground rent of £200 doubling every 25 years
Flat 10
Lease term of 110 years from 25/03/2004 - ground rent of £175 doubling every 25 years
Flat 11
Lease term of 110 years from 25/03/2004 - ground rent of £200 doubling every 25 years
Flat 12
Lease term of 189 years from 23/10/1967 - peppercorn ground rent
Total rent reserved per annum = £1,625
Local Authority Birmingham City Council
nb. Stock image
For viewing times, or agents' details, please go to the Harman Healy website. Interested parties must rely on their own inspection. Measurements are not taken by the auctioneers.
Legal documentation can be downloaded for free from our website.
For viewing details please go to the Harman Healy website
Guide price definition - Guide prices are provided as an indication of the sellers current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.
Reserve price definition - The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.
General enquiries: Please read the important information below first and visit our website, which will answer most of your questions.
Important information
- Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.
- If you are the successful bidder, contracts are exchanged immediately upon the fall of the hammer.
- A 10% deposit subject to a minimum of £2,000 (whichever is the greater) is payable at the point of exchange, along with a £1,000 (including VAT) contracts administration charge.
- Successful bidders are required to show proof of identity (eg. Current passport or driving licence) & proof of address (e.G. Utility bill or bank statement). If buying in a company name we need a letter of authority on company letterhead, as well a proof of id & address for a company director or secretary.
- To bid by telephone or proxy we must be holding the deposit, admin fee, proof of id & address & telephone / proxy bidding form at least two working days prior to the auction. The telephone / proxy bidding form can be downloaded from our website.
- If bidding on behalf of someone else, the bidder must have a letter of authority from the purchaser, copies of the purchaser's id documents, as well as their own.
- The period allowed for completion of the sale varies but will usually be either 14,21 or 28 days after the auction, depending on the terms of the contract.
- The golden rule is know what you are bidding on and make sure you have the necessary finance in place before attending the auction. Once you have successfully bid on a property you have entered into a legally binding contract
Property Location
Marketed by Harman Healy
Disclaimer Property descriptions and related information displayed on this page are marketing materials provided by Harman Healy. estateagents365.uk does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Harman Healy for full details and further information.