LOT 61

25, 27, 29 & 31 Byron Road, Redditch, Worcestershire, B97 5EB

FREEHOLD GROUND RENT INVESTMENT 4 FLATS - 3 LEASES WITH 53½ YEARS UNEXPIRED

Result: Available for £30,000 Guide price: £28,000 plus*

Auction Date

Thursday, 20th February 2020 12:00pm

A detached purpose-built block comprising 4 self-contained flats on the south side of Byron Road close to a few local shops in the Headless Cross district. Redditch with its shopping centre and mainline station is about 15 miles south of Birmingham and is easily reached from the M42 or M5.

Accommodation

25: 99 years from 29.09.1974 at £25 p.a.
Approximately 53½ years unexpired

27: 99 years from 29.09.1974 at £38 p.a.
Approximately 53½ years unexpired

29: 99 years from 29.09.1974 at £25 p.a.
Approximately 53½ years unexpired

31: 189 years from 29.09.1974 at £125 p.a. (doubling every 25 years)

EQUIVALENT TO £213 p.a WITH 3 LEASES HAVING 53½ YEARS UNEXPIRED

Status

Available for £30,000

* 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.