Land for sale

Fgrs, 1, 3, 6, 25 & 27 Flanders Drive, Kingswinford, West Midlands DY6

Guide Price = £18,000 - £22,000

Property for auction on 21st May at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Property Description:
A Portfolio of Freehold Ground Rents, secured upon five modern town houses of brick construction with pitched tile clad roofs, located in Flanders Drive which forms part of an established residential area and leads via Charterfield Drive off Stallings Lane (B4175) and is located 2 miles to the south of Wombourne and 4 miles to the north of Stourbridge Town Centre.

Lease Information
Each property is subject to a long lease for a term of 99 years which commenced on 23rd June 1972, expiring on 23rd June 2071 (approximately 46 years unexpired), each paying a current Ground Rent of £40 per annum.

Total Current Ground Rent Income: £200 per annum.

Freehold Land Registry Title No.
WM366709

Legal Documents:
Available at

Viewings:
Not Applicable.

The Buyers Administration Fee for this Lot will be £650 including Vat