Birmingham Ground Rent Investment Acquired For Clients

BEASLEY GROVE, GREAT BARR, BIRMINGHAM B43 7HG 

• The freehold comprises 30 two bedroom purpose-built flats/maisonettes all let on long leases. Arranged in six separate three storey blocks and set in attractive communal gardens. 
• Of brick construction, with no external cladding, the blocks have a mixture of flat felt and pitched tile roofs. 
• Each residential unit has its own front door at ground level – there are no internal common areas. 
• Separately, the freeholder owns 34 garages arranged in four blocks. One garage is let on a long lease, but the remainder are available with vacant possession or subject to existing short-term tenancies. 26 garages are let, producing an income of £8,714.12 per annum. 
• 19 residential leases have been extended but 11 units are still subject to the original lease with 36 years unexpired at a fixed ground rent of £15 pa. Current ground rent income £165 per annum. 
• A substation on the site is let on a lease expiring in 2061 at a peppercorn rent. 
• SOLD

Birmingham Ground Rent Sales