LOT 54

Parkside, 180 Granville Street, Birmingham, West Midlands, B1 1SF

FREEHOLD GROUND RENT INVESTMENT - 24 APARTMENTS

Result: Sold for £90,000 Guide price: £40,000 - £45,000*

Auction Date

Tuesday, 14th July 2020 12:00pm

BY ORDER OF B TOBIN & P J WATERFIELD AS LPA RECEIVERS

A modern block of 24 apartments at the junction with Ridley Street in this popular mixed commercial/residential area, overlooking Peace Gardens about ½ mile from Birmingham New Street station and close to the city centre.

Accommodation

21 Apartments: Each 125 years from 01.01.2005 at a current ground rent of £130 p.a. with Rent Reviews every 21 years based on RPI.
3 Apartments: Each 125 years from 01.01.2005 at a current ground rent of £175 p.a. with Rent Reviews every 21 years based on RPI.

EQUIVALENT TO £3,255 p.a.

Note

Auction Surveyor: Robert Woolfe
Contact: 020 8509 4408

Status

Sold for £90,000

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.