LOT 16

Flats 1-12 Hermes Court, Clarence Road, Sutton Coldfield, B74 4AR

Flats 1-12 Hermes Court, Clarence Road, Sutton Coldfield, B74 4AR


Property Viewings

Sold for £75,000


Property Details
Freehold ground rents secured upon twelve flats - three highly reversionary with 48 years unexpired lease terms.
Freeholder manages and insures.
The lessees have not elected to take up their rights of pre-emption under the terms of Landlord and Tenant Act 1987.

Flat 1
Lease term of 110 years from 25/03/2004 - ground rent of £175 per annum rising
Flat 2
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 3
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 4
Lease term of 99 years from 24/10/1967 - ground rent of £25 per annum
Flat 5
Lease term of 110 years and 1 day from 24/03/2004 - ground rent of £200 per annum rising
Flat 6
Lease term of 110 years from 25/03/2004 - ground rent of £200 per annum rising
Flat 7
Lease term of 99 years from 24/10/1967 - ground rent of £25 per annum
Flat 8
Lease term of 99 years from 14/10/1967 - ground rent of £25 per annum
Flat 9
Lease term of 110 years from 25/03/2004 - ground rent of £200 doubling every 25 years
Flat 10
Lease term of 110 years from 25/03/2004 - ground rent of £175 doubling every 25 years
Flat 11
Lease term of 110 years from 25/03/2004 - ground rent of £200 doubling every 25 years
Flat 12
Lease term of 189 years from 23/10/1967 - peppercorn ground rent

Total rent reserved per annum = £1,625
  • Freehold
  • Ground rent investment

Other Information
Local Authority – Birmingham City Council
NB. Stock image

Additional Information

A contract administration charge of £1,000 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.

Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.

*Guide price definition

Guide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.

Reserve price definition

The reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.