Assets up for grabs include a former caretaker’s house, land and commercial investment opportunities
Cash-strapped Birmingham City Council has listed six more properties for sale at auction.
Assets include a former caretaker’s house, land and commercial investment opportunities.
Auctioneers Bond Wolfe has scores of properties up for grabs next month.
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The auction is set to go ahead, from 8.30am, on Thursday, March 27.
Below are half a dozen properties the “broke” council has listed:
Former Caretaker’s House, 43 Poplar Road, Kings Heath, Birmingham, B14 7AA
A vacant freehold detached property, which may have potential for development subject to obtaining the necessary planning consent.
A detached former caretaker’s house, standing back from the road behind a driveway and foregarden.
Site Fronting The Fordrough, Northfield, Birmingham, B31 3LX
Vacant freehold land, which may be suitable for redevelopment for a variety of uses subject to obtaining the necessary planning consents
A cleared vacant rectangular parcel of land, extending to approximately 337 sq.m, being sold subject to any existing rights of way documented or otherwise that are exercised over the property.
Freehold – Vacant possession upon completion.
255 Dudley Road, Birmingham, B18 4EJ
A freehold commercial investment property Current Gross Income: £6,700 pa.
A three storey commercial premises comprising a retail unit with storage accommodation to upper floors, situated on the A457 Dudley Road.
The business will remain unaffected.
50 Icknield Street, Hockley, Birmingham, B18 5AY
Freehold commercial ground rent interest
A freehold commercial ground rent investment secured on industrial land and premises.
The business will remain unaffected.
Freehold subject to a lease for 99 years from October 17, 1985 (approx. 59 years unexpired), at a current ground rent of £13,000 per annum, subject to seven year reviews.
Land & Premises at 383-387 Moseley Road, Birmingham, B12 9DD
A freehold commercial ground rent investment secured on industrial land and premises.
Freehold subject to (1) a Lease for a term of 75 years from February 1, 1962 (12 years unexpired), at a ground rent of £350 per annum
(2) a lease for a term of 32 years from January 1, 2005 (12 years unexpired), at a ground rent of £1,500 per annum, subject to seven year reviews.
11 Pentos Drive, Birmingham, B11 3TA
A freehold commercial ground rent investment secured on a two storey office building, warehouse and yard. The business will remain unaffected.
The property is subject to a 99 year lease from April 14, 1987 (approximately 61 years unexpired) at a ground rent of £200 per annum doubling every 25 years.
