LOT 62

1-4 Beoley Croft Mason Road, Redditch, Worcestershire, B97 5DW

FREEHOLD GROUND RENT INVESTMENT 4 FLATS - 2 LEASES WITH 48 YEARS UNEXPIRED

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

Auction Date

Thursday, 20th February 2020 12:00pm

A large detached purpose-built block comprising 4 self-contained flats on the east side of Mason 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

1: 189 years from 24.03.1969 at £125 p.a (doubling every 25 years)

2: 99 years from 25.03.1969 at £25 p.a.
Approximately 48 years unexpired.

3: 99 years from 25.03.1969 at £25 p.a.
Approximately 48 years unexpired

4: Expires 24.03.2136 at £100 p.a (doubling- see lease)

Garage: 99 years from 25.03.1969

EQUIVALENT TO £275 p.a WITH 2 LEASES HAVING 48 YEARS UNEXPIRED

Note

We are advised by the seller that each of the flats comprise 2 bedrooms.

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.