Land for sale

Fgr's, 58, 66, 86 & 88 Charterfield Drive, Kingswinford, West Midlands DY6

Guide Price = £18,000 - £22,000

Property for auction on 10th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Property Description:
A Portfolio of Freehold Ground Rents, secured upon four modern houses comprising two mid terraced and two detached chalet style dwellings of brick construction with pitched tile clad roofs, located in Charterfield Drive which leads via Stallings Lane off Wolverhampton Road (A491), forming part of an established residential area situated approximately 3/4 mile to the north of Kingswinford & four miles north of Stourbridge Town Centre.

Lease Information
Each property is subject to a long lease for a term of 99 years. The leases for 58 & 66 Charterfield Drive expire on 26th June 2071(less than 46 years unexpired) each

paying a ground rent of £35 p.a. The leases for 86 & 88 Charterfield Drive expire on 22rd June 2073(less than 48 years unexpired) each paying a ground rent of £45 p.a. (No. 86) & £50 p.a. (No. 88).

Total Current Ground Rent Income: £165 per annum.

Freehold Land Registry Title No.
WM474285

Legal Documents:
Available at

Viewings: Not Applicable.

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