Pennycuic Collins Chartered Surveyors
in association with
Property Auction Wednesday 15th December 2010 at 11am The Legends Lounge Birmingham City Football Club, St Andrew’s Stadium, Birmingham B9 4NH
Pennycuic Collins Chartered Surveyors CHARTERED SURVEYORS, ESTATE MANAGERS, AUCTIONEERS, ESTATE AGENTS 9 The Square, 111 Broad Street, Birmingham B15 1AS Tel: 0121 665 4150 Fax: 0121 665 4190 e.mail: [email protected] www.pennycuick.co.uk
1880 Pershore Road, Kings Norton, Birmingham B30 3AS Tel: 0121 458 7421 Fax: 0121 458 2808 DX: 20304 Cotteridge e.mail: [email protected] www.hollier-browne.co.uk
Auction Location Map
Catalogue Designed & Produced by The Print Studio (Solihull) Tel: 01926 484686 e-mail: [email protected] Important Notices to be read by all Bidders
Conditions of Sale 1. All lots will, unless previously withdrawn, be sold subject to the special and standard conditions of sale which have been prepared by the vendor's solicitors. These conditions are available for inspection by arrangement with the Auctioneers, and will be available in the saleroom on the day of the auction, but will not then be read. All bidders are deemed to have inspected these conditions, and bid upon these terms. 2. Bidders are assumed to have inspected any property they bid for, and are assumed to have made whatever enquiries are prudent including pre-contract searches and enquiries, enquiries to relevant authorities, service providers, or other bodies, and are assumed to have taken professional advice with regard to the title and condition of the property. 3. When the Auctioneer's gavel falls the successful bidder has entered into a binding contract to purchase the property. The purchaser must then present immediately to the Auctioneer's clerk their name, address, solicitors' details and telephone numbers. The purchaser must then sign and exchange contracts with the vendor's solicitors (or their agents) prior to leaving the saleroom. At the same time the purchaser must pay to the vendor's solicitors (or their agents) a deposit by cheque for 10% of the purchase price (or £2,000, whichever is the greater). Proof of identity and address will be required from purchasers, as detailed on the opposing page. In default of any part of the above, the Auctioneer shall be entitled as agent for the vendor to treat the failure or default as repudiation and rescind the contract. Thereafter the Auctioneer shall be entitled to re-offer the property for sale. If the purchaser does not pay the deposit and/or does not sign the contract the vendor reserves the right to claim any loss suffered as a result. 4. Where a bidder is bidding on behalf of someone else (a third party), the Auctioneer will treat the bidder as bidding personally for themselves, unless the third party has given a letter of authority to the Auctioneer prior to the auction commencing and has proved their identity and address, and that of the bidder, to the Auctioneer's satisfaction. Please consult the Auctioneers for further guidance in respect of third party bidding. 5. A successful bidder is liable for insuring the property as soon as the Auctioneer's gavel falls, and should have made prospective arrangements beforehand. 6. The purchaser is required to complete the purchase twenty eight days after the date of the auction, unless the Auctioneer or special conditions of sale specify otherwise. The purchaser must have made suitable finance arrangements in good time prior. 7. The Auctioneers may make guide prices available for certain lots and these will be published in the catalogue, and may also be obtained from the Auctioneers office or website. The Auctioneers cannot accept any responsibility for the accuracy of guide prices, as they are intended as a guide only. Any guide prices or estimates of value mentioned by the Auctioneers or their representatives cannot be relied upon, and prospective purchasers are deemed to have taken professional advice with regard to the value of any lot for which they bid. 8. The vendor of any lot has the right to sell that lot prior to the auction, or withdraw it from the auction. Neither the vendor nor the Auctioneers will be responsible for any abortive costs, loss or damages incurred by a prospective purchaser. Enquiries to the Auctioneers as to whether a lot has been sold prior to, or withdrawn from, the auction are valid only up to the time that the enquiry is made. Prospective purchasers can check with the Auctioneers by telephone, or on their website, at any time prior to the auction that any particular lot is still to be offered. 9. Auction catalogue amendments (addendum) are displayed in the saleroom on the day of sale and are read by the Auctioneer at the commencement of saleroom proceedings. All bidders are deemed to be aware of any amendments and any other announcements made by the Auctioneer and bid subject to these amendments and announcements. It is essential therefore to arrive at the saleroom prior to the commencement of proceedings at 11.00am so there is time to check any amendments and hear any announcements. 10. Arrangements to view any lot must be made through the Auctioneers' office. No guarantee is given that viewing of any particular lot will be possible and viewing of tenanted properties is by courtesy of the tenant. The Auctioneers will however make every reasonable effort to make lots available for viewing. 11. The Auctioneer reserves the right to refuse to accept bids, and need not explain why. If there is any dispute relating to bids or bidding, the Auctioneer shall be entitled to resolve the dispute, and his decision shall be final. Unless stated otherwise each lot is subject to a reserve price. If no bid equals or exceeds the reserve price the lot will be withdrawn from the auction. The vendor may bid, or ask the Auctioneer or another agent to bid on his behalf, up to but not equalling or exceeding the reserve price.
12. There is an administration charge payable by the purchaser to the Auctioneers of £250 plus VAT in respect of all lots offered for sale in this auction catalogue, whether they are purchased in the auction saleroom, prior to auction, or post auction. This charge must be paid to the Auctioneers in the saleroom, or where the lot is purchased prior to, or post auction, upon receipt of the Auctioneer's invoice. 13. The Auctioneers reserve the right to photograph successful bidders for security purposes, and to tape record and/or film the auction proceedings. 14. The Auctioneers reserve the right at their discretion to take telephone bids from prospective purchasers. Please consult the Auctioneers for further guidance in respect of telephone bidding. The Auctioneers do not take electronic bids of any kind. 15. The date of the auction is provisional only and whilst the Auctioneers will take all steps to ensure that the auction takes place on the date indicated, there may be exceptional circumstances that make it necessary to change the date or cancel the auction. Any amendment to the date, time or venue indicated will be posted on the Auctioneer's website not later than six days before the original date indicated. 16. For clarity, the following lots are not being offered for sale with vacant possession, but are subject to the existing tenancies as stated in the catalogue. These lots are numbers: 1, 2 and 11 -17 inclusive.
The Property Misdescriptions Act 1991 The Auctioneers have not tested any apparatus, equipment, fixtures, fittings or services, and so do not verify that they are in working order, fit for their purpose or within the ownership of the vendor. Therefore prospective purchasers must assume that the information given is incorrect. Neither have the Auctioneers checked the legal documentation to verify the legal status of the property or the validity of any guarantee. Prospective purchasers must assume that the information is incorrect, until it has been verified by their own Solicitor. Any measurements supplied are for general guidance and as such must be considered as incorrect. Prospective purchasers are advised to re-check the measurements themselves before committing to any expense. Nothing concerning the type of construction or the condition of the structure is to be implied from the photograph/s of the property. Information in this catalogue may change in the course of time, and any interested party is advised to make a final inspection of the property prior to the auction date.
Misrepresentation Act 1967 This catalogue is prepared as a general guide only and should not be relied upon as a basis to enter into a legal contract, or to commit to expense. Interested parties should consult their own Surveyor, Solicitor or other professionals before committing themselves to any expense or legal commitment. If any interested party wishes to rely upon any information from the Auctioneers, then a request should be made and specific written confirmation can be provided where possible. The Auctioneers will not be responsible for any verbal statement made by a member of their staff, as only specific written confirmation should be relied upon. The Auctioneers will not be responsible for any loss, other than when specific written confirmation has been provided.
IMPORTANT NOTICE
Proceeds of Crime Act 2002 / Money Laundering Regulations 2003
New Money Laundering Regulations became effective on 1st March 2004. In consequence we can only accept deposit payments from purchasers by either:
! Bankers Draft or Building Society Cheque ! Personal or Company Cheque
If you are obtaining a cheque from a Bank or Building Society, we would recommend that it be drawn for 10% of what is to be your maximum bid. Any necessary adjustment will be made at completion of your purchase.
Purchasers must provide proof of identity and proof of residential address. Bidders must therefore bring both the following documents with them to produce when completing purchase formalities:
! UK Passport or Photocard Driving Licence ... To prove identity ! Recent Utility Bill, Council Tax Bill or Bank Statement ... As proof of residential address
If you have any questions in respect of deposit payment, or relating to the documents required for proving identity and address, please contact the Auctioneers. AUCTIONEER'S NOTES
GUIDE PRICES
The guide prices published in this catalogue are provisional only and any alterations to them will be shown on the auctioneer's website (www.pennycuick.co.uk) where an up to date guide price will be published.
The Auctioneers cannot accept any responsibility for the accuracy of guide prices, as they are intended as a guide only. Any guide prices or estimates of value mentioned by the Auctioneers or their representatives cannot be relied upon, and prospective purchasers are deemed to have taken professional advice with regard to the value of any lot for which they bid.
PRE-AUCTION OFFERS
Any interested party wishing to submit an offer prior to auction must do so in writing to the Auctioneer's office (either by letter or by e.mail). The offer letter/e.mail should contain full names and contact particulars of the person making the offer and a note of the name and address of the solicitors who would be instructed to act on that person's behalf should the offer be accepted.
Pre-auction offers are only considered on the basis of an immediate exchange of contracts, with a full 10% deposit. Should an offer be accepted the lot will not be withdrawn from the catalogue or advertising programme until the exchange of contracts has taken place.
Any pre-auction offers received are assumed to be 'best offers' and no guarantee is given that there will be an opportunity to increase or review the offer should it not be accepted or should a better offer be received.
PURCHASER'S ADMINISTRATION CHARGE
There is a purchaser's administration charge of £250 plus VAT in respect of the Auctioneer's administrative obligations under Money Laundering Regulations. This charge applies whether a lot is bought in the auction saleroom, prior to auction, or post auction and can be paid to the Auctioneers by cash or cheque. A VAT receipt will be provided.
Please note this charge is per purchaser and not per lot, so a purchaser who purchases more than one lot from this auction catalogue will only have to pay the charge once.
ADDENDUM & AUCTIONEER'S ANNOUNCEMENTS
Auction catalogue amendments (addendum) will be displayed in the saleroom and will be read by the Auctioneer at the commencement of proceedings. All bidders are deemed to be aware of any amendments and any other announcements made by the Auctioneer and bid subject to these amendments and announcements. It is essential therefore to arrive at the saleroom by 11.00am.
AUCTIONEERS
Stuart Tullah - Pennycuick Collins E-mail: [email protected]
David Coleman - Hollier Browne E-mail: [email protected] Order of Sale – Wednesday 15th December 2010
RESIDENTIAL INVESTMENTS Lot 1 33 Broughton Road, Handsworth Lot 2 1 & 8 Scott Close, West Bromwich
HOUSES & FLATS WITH VACANT POSSESSION
Lot 3 95 White Road, Quinton Lot 4 10 Doidge Road, Erdington Lot 5 41 Holliday Road, Erdington Lot 6 24 Nineveh Avenue, Handsworth SOLD PRIOR Lot 7 76 Hillmeads Road, Kings Norton Lot 8 14 Wingate Court, Four Oaks, Sutton Coldfield Lot 9 19 Hunton Hill, Erdington
RESIDENTIAL DEVELOPMENT OPPORTUNITY Lot 10 19A Hunton Hill, Erdington
FREEHOLD LAND SITE Lot 11 Land at Thorpe Close, Sutton Coldfield
MIXED COMMERCIAL/RESIDENTIAL INVESTMENTS
Lot 12 22/24/26 Tame Road, Witton Lot 13 15 & 16 Norton Road, Pelsall, Walsall
FREEHOLD GROUND RENT INVESTMENTS Lot 14 Parcel of 2 at Longham Croft, Harborne Lot 15 Parcel of 4 at Welsh House Farm Road & Moreton Close, Harborne Lot 16 Parcel of 9 at Brooklands Drive & Woodthorpe Road, Kings Heath Lot 17 Parcel of 12 at Elmwood Close, Cannock
LOT No: 1
33 Broughton Road Handsworth Birmingham B20 2PU
Status Residential Investment.
Description A traditionally styled terraced residence offering exceptionally spacious accommodation arranged upon three floors.
The accommodation includes three reception rooms and five bedrooms, four of which are double bedrooms.
The property falls within a well established residential area.
The property is let on a regulated tenancy.
Accommodation Ground Floor: Vestibule entrance, hallway, 2 reception rooms, breakfast room, kitchen. First Floor: Landing, 3 bedrooms (2 doubles & 1 single), boxroom, bathroom. Second Floor: Landing, 2 further double bedrooms. Outside: The property is set back from the roadside behind a good size front garden and there is a mainly paved rear garden with stores.
Tenure Freehold – subject to tenancy.
Tenancy: Regulated Tenancy. Rent: £67 per week - effective 5th March 2009.
Location Broughton Road connects Hamstead Road with Whitehall Road and the property can be found by its junction with Hall Road.
Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 85/95,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 2
1 & 8 Scott Close Grafton Road West Bromwich West Midlands B71 1PT
A pair of refurbished flats let on Assured Shorthold Tenancies
Status Residential Investment.
Description A pair of two bedroom ground floor flats in a purpose built low rise block in close proximity to Sandwell General Hospital. The flats have been refurbished and offer both gas radiator central heating and double glazing.
Accommodation The accommodation of each flat includes an entrance hall, spacious lounge, 2 good size bedrooms, re-fitted kitchen and bathroom. Scott Close has communal gardens and parking areas and is approached from Grafton Road.
Tenure – Flat 1 Leasehold for a term of 99 years from 25/12/1968 subject to a ground rent of £25 per annum.
The flat was let on an Assured Shorthold Tenancy on 10th June 2010 at a rent of £420 per month.
Tenure – Flat 8 Leasehold for a term of 99 years from 29/9/1965 subject to a ground rent of £20 per annum.
The flat was let on an Assured Shorthold Tenancy on 12th December 2009 at a rent of £435 per month. Location Scott Close occupies a prominent position fronting All Saints Way (A4031) around half a mile north of West Bromwich town centre. Newton Road, which leads to Great Barr and the M6 junction 7, is around two thirds of a mile away. Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 65,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 3
95 White Road Quinton Birmingham B32 2TU
Status Vacant Possession.
Description An attractive semi detached residence offering accommodation to include two reception rooms and three bedrooms. The property has double glazing and gas radiator central heating.
Accommodation Ground Floor: Fully enclosed porch, entrance hall, front reception room, rear reception room (with french door to rear garden), kitchen, full length covered side verandah. First Floor: Landing, 3 bedrooms, bathroom, separate wc. Gardens: There is a hedged and lawned front garden and a good size mainly lawned rear garden with patio and stores. Garage Space: There is space at the rear of the garden for the creation of a parking space or erection of a garage (subject to planning consent) approached from a driveway.
Tenure Freehold.
Location The property is situated on White Road between its junctions with Quinton Lane and Ridgacre Road.
The property forms part of a well established residential area and is well served by local amenities and there are bus services locally on Hagley Road West and Ridgacre Road. Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers. Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 100,000+
Collins SALE PRICE £ Chartered Surveyors LOT No: 4
10 Doidge Road Erdington Birmingham B23 7SG
Status Vacant Possession.
Description A traditional terraced residence offering accommodation to include two reception rooms and two good bedrooms.
The property is well presented and both the kitchen and bathroom have been modernised.
The property has double glazing and gas central heating, the main roof has been renewed and the electrical system has been upgraded.
Accommodation Ground Floor: Entrance hall, front reception room, rear reception room, good size fitted kitchen. First Floor: Landing, 2 good bedrooms, well fitted shower room. Outside: There is a front garden and a rear garden with paved patio.
Tenure Freehold.
Location Doidge Road lies off George Road between its junctions with Neville Road and Park Road and close to Brookvale Park lake. It can also be approached from Mere Road.
There are local shopping and bus services nearby on Brookvale Road/Marsh Hill (A4040) and Slade Road. In addition Gravelly Hill railway station is within around half a mile.
Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 65/70,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 5
41 Holliday Road Erdington Birmingham B24 9HA
Status Vacant Possession.
Description A larger style traditional terraced residence offering accommodation to include three reception rooms and three good bedrooms.
There is parking/garage space to the rear.
The property falls within a well established residential area and is very conveniently positioned close to local shopping and transport services.
Accommodation Ground Floor: Vestibule entrance, hallway, front reception room, rear reception room, breakfast room, kitchen. First Floor: Landing, 3 good bedrooms, bathroom. Outside: There is a front garden and a rear garden with paved patio and garden stores. Garage Space: To the rear of the garden there is space for the erection of a garage (subject to planning consent).
Tenure Freehold.
Location Holliday Road runs between Arthur Road and Mason Road/Edwards Road. Erdington High Street is a few minutes walk away and there are excellent local transport services nearby, including Erdington railway station which is on the Cross City line between Birmingham New Street, Sutton Coldfield & Lichfield.
Completion Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 90,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 6
24 Nineveh Avenue Handsworth Birmingham B21 0SZ
Status Vacant Possession.
Description A traditional terraced residence offering accommodation to include two reception rooms and two bedrooms.
The property has majority double glazing and is in need of modernisation.
Accommodation Ground Floor: Front reception room, rear reception room, kitchen. First Floor: Landing, 2 double bedrooms, bathroom. Outside: There is a front garden and a rear garden with patio and stores.
Tenure Freehold.
Location Nineveh Avenue is a cul-de-sac off Nineveh Road which can be approached from either Bacchus Road/Park Road or Handsworth New Road.
Soho Road (A41) is nearby and offers an excellent array of local services and transport links. CompletionSOLDCompletion will be PRIORforty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 45,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 7
76 Hillmeads Road Kings Norton Birmingham B38 9NE
Status Vacant Possession.
Description An end town house residence offering well presented three bedroom accommodation.
The property has gas radiator central heating (provided by a recently replaced 'combi' boiler) and double glazing throughout.
The property would make an ideal first home or an excellent letting investment.
Accommodation Ground Floor: Entrance hall, spacious lounge, fitted kitchen with oven & hob and incorporating a dining area. First Floor: Landing, 3 bedrooms, bathroom, separate wc. Gardens: There is a lawned front garden with steps to a terrace and a mainly lawned rear garden with paved patio.
Tenure Freehold.
Location The property is situated on Hillmeads Road between its junctions with Heathside Drive and Sisefield Road.
The property lies near Birmingham's southern fringe, is near Walkers Heath Park and is around one mile from Cotteridge shopping centre and Kings Norton railway station.
Completion Completion will be forty two days after exchange of contract.s
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 59/60,000
Collins SALE PRICE £ Chartered Surveyors
LOT No: 8
14 Wingate Court 139 Blackberry Lane Four Oaks Sutton Coldfield B74 4JG
A spacious two bedroom flat in a premiere location.
Status Vacant Possession.
Description A first floor flat in an excellent location close to train and bus services, local schools and Mere Green shopping centre.
The flat is well presented and features a 23 ft lounge and two double bedrooms. The flat is offered for sale with a healthy 103 year lease.
Accommodation There is an entrance lobby with a security door entry system and with a staircase leading to the first floor and flat 14.
The accommodation includes a reception hall (with cloaks cupboard and store off), very good size lounge (approx 23 ft), fitted kitchen, two double bedrooms (both with built in wardrobes) and bathroom.
The current owner rents a garage in the block to the rear of Wingate Court at £65 per half year. Wingate Court is surrounded by well tended communal gardens to all sides. Tenure The property is leasehold for a term of 103 years subject to a current ground rent of £60 per annum. The current service charge is £700 per annum. Location Blackberry Lane can be approached from either Four Oaks Common Road or Clarence Road and Wingate Court is located close to its junction with Edge Hill Road. The property falls within a highly regarded residential area and is within around ten minutes walk of Butlers Lane railway station and bus services on Walsall Road Completion Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 90/95,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 9
19 Hunton Hill Erdington Birmingham B23 7NA
A Quite Superb Family Detached Residence
Status Vacant Possession.
Description A superbly presented and highly appointed family detached residence offering significant accommodation. The property has the benefits of gas radiator central heating and double glazing. The kitchen, bathroom and guests' cloaks have been refurbished to an exceptional standard.
Accommodation To the front of the property there is a brick paved driveway providing off road parking space for several cars.
To the ground floor there is a vestibule entry, reception hall, two reception rooms, study, conservatory, well fitted kitchen, high quality bathroom, laundry room and wc.
To the first floor there is a landing, three bedrooms and guests' cloaks with wc.
There is a paved terrace and well maintained lawned garden.
Tenure Freehold.
Location The property is situated on Hunton Hill close to its junction with Hunton Road. Gravelly Hill railway station is a very short away and there are bus services nearby on Gravelly Hill North. There are local shops, including a Post Office, on Slade Road.
Viewing/Enquiries Pennycuick Collins 0121 665 4150
Joint Agent Paul Carr Estate Agents PAUL 15 York Road, Erdington Tel: 0121 382 8870 ARR CEstate Agents Completion Completion will be forty two days after exchange of contracts
GUIDE Pennycuic PRICE £ 150,000+
Collins SALE PRICE £ Chartered Surveyors LOT No: 10
19A Hunton Hill Erdington Birmingham B23 7NA
Residential Development Opportunity
Status Vacant Possession.
Description A former forge offering significant development potential.
The property is a late Victorian detached building used latterly as part of a children's day nursery.
The property is thought to be suitable for conversion to residential use and, subject to planning permission, could be adapted to form a two bedroom detached cottage or two studio apartments.
Accommodation To the front of the property there is a brick paved driveway providing off road parking space and there is a garden to the rear.
To the ground floor there is a large open-plan room with a kitchen/utility room off.
To the first floor there is a further large open-plan room.
There is a gas fired radiator central heating system.
Tenure Freehold.
Location The property is situated on Hunton Hill close to its junction with Hunton Road. Gravelly Hill railway station is a very short away and there are bus services nearby on Gravelly Hill North. There are local shops, including a Post Office, on Slade Road.
Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150.
GUIDE Pennycuic PRICE £ 55/60,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 11 Amenity Land at:
Thorpe Close Little Sutton Lane Four Oaks Sutton Coldfield B75 6SB
Description The freehold interest in land at Thorpe Close, Sutton Coldfield.
The land is immediately adjacent to Little Sutton Lane.
The land is offered for sale subject to any rights of way or other rights (if any) that may exist over the same.
Tenure Freehold.
Title The land is held in a registered freehold title numbered WK58402.
Location Thorpe Close is a cul-de-sac lying off Hayward Road which in turn lies off Little Sutton Lane.
Little Sutton Lane leads off Lichfield Road (A5127) approximately half a mile from Sutton Coldfield town centre.
Completion Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Declared Pennycuic PRICE £ Nil Reserve
Collins SALE PRICE £ Chartered Surveyors
LOT No: 12
Warwick House 22, 24 & 26 Tame Road Witton Birmingham B6 7DS
Status Freehold mixed investment opportunity – commercial & residential.
Description 22, 24 & 26 Tame Road are terraced properties where the ground floors are given over to office accommodation and the first floors to self contained flats.
The three properties are held in separate titles and are being offered for sale as one lot.
The offices and flats are all well presented and benefit from gas radiator central heating and majority double glazing.
Ground floor offices Number 22 is approximately 42 sq.m and includes a front reception and office, rear office, kitchen area and wc facilities.
Numbers 22 & 24 are combined on an open-plan arrangement are approximately 80 sq.m combined and include front reception and offices, rear offices, kitchen area and wc facilities.
First floor flats Flat 1 (above number 26) and flat 3 (above number 22) both offer a ground floor entrance hall, lounge, kitchen, bedroom and bathroom with shower cubicle.
Flat 2 (above number 24) offers an entrance hall, kitchen and bathroom with shower to the ground floor & a lounge and two bedrooms to the first floor.
The flats are furnished to a good standard.
Land at rear The garden land at the rear of the three properties is extensively combined and offers an excellent hard surfaced and gated parking and storage area. There is a well gated access driveway off Deykin Avenue.
GUIDE Pennycuic PRICE £ 160,000+
Collins SALE PRICE £ Chartered Surveyors Tenure Freehold – subject to the following lettings:
Ground floor offices 22, 24 & 26 are let under one lease as follows:
Tenant: Aston Pride, Health & Regeneration. Term: The tenant has served notice to terminate the lease on 29th March 2011. Rent: The current rent is £3,806.49 per quarter (£15,226 per annum).
Flat 1 is let under an Assured Shorthold Tenancy at £375 per month. Flat 2 is let under an Assured Shorthold Tenancy at £425 per month. Flat 3 is let under an Assured Shorthold Tenancy at £375 per month.
Total current gross rent - £29,326 per annum.
Location The property is situated on Tame Road close to its junction with Deykin Avenue and just off Witton Road/Brookvale Road (A4040 – outer circle route). Witton railway station is approximately a quarter of a mile away and there is a regular bus service on the outer circle route.
Auctioneers' Notes Copies of the lease, tenancy agreements and Land Registry plans are available upon request from the auctioneers.
VAT does not apply to this lot
Completion: Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150 LOT No: 13
15 & 16 Norton Road Pelsall Walsall WS3 4AY
Status Freehold Investment – shop & flat.
Description The property is an attractive period style semi detached building occupying a very prominent position in a well established suburb of North Walsall.
The ground floor of the premises is let to a butcher on a twelve year lease and offers approximately 75 sq.m (808 sq.ft) of accommodation including a retail area, office and store.
A change of use application was approved on 18/6/2010 to mixed A1/A3 use (shop & restaurant/cafe).
The first floor flat is let on a long lease.
There is a yard to the rear included in the ground floor lease.
Tenure Freehold – subject to the following FR&I leases:- Ground floor shop: Let for a 12 year term from 1/11/2008 to 31/10/2020 at a rent of £8,500 pa. There are three yearly rent reviews and a break clause in the tenant's favour at the end of the third year.
First floor flat: Let for a 125 year term from 15/1/2009 at a rent of £50 pa.
Rental Income The current rental income is £8,550 per annum.
Location The property is situated in Pelsall 'village' opposite the village green. Norton Road is in the heart of Pelsall and the property can be found close to its junction with High Street. Pelsall is approximately equidistant between Walsall and Brownhills. Completion Completion will be forty two days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 80/85,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 14
Freehold Ground Rents
Numbers 4 & 17 Longham Croft Harborne Birmingham, B32 2JS
Photograph of 4 Longham Croft
Status Freehold Ground Rent Investment.
Description Two town house residences.
Tenure/Lease Details Freehold : –
Each property is subject to a lease for a term of 99 years from 29/9/1966 to 28/9/2065.
The ground rent for each property is £29 per annum.
The unexpired term is approximately 54.8 years.
Title The properties are registered under title number WK39861.
Location Longham Croft is a cul-de-sac lying off Welsh House Farm Road close to its junction with Rilstone Road.
General Notes The buyer is to make a contribution of £250 plus VAT towards the seller's costs.
This Lot includes some land at Longham Croft and the plan is available from the Auctioneers and included in the legal pack.
The management of these interests is currently undertaken by Pennycuick Collins.
Completion Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 5,000
Collins SALE PRICE £ Chartered Surveyors LOT No: 15
Freehold Ground Rents A Parcel of FOUR at: Numbers 4 & 18 Moreton Close, Harborne Birmingham, B32 2JN and Numbers 98 & 108 Photo of 98 Welsh House Farm Road Welsh House Farm Road, Harborne, Birmingham, B32 2JR
Status Freehold Ground Rent Investment.
Description Four town house residences.
Tenure/Lease Details Freehold : Each property is subject to a lease for a term of 99 years from 29/9/1966 to 28/9/2065. The ground rent for each property is £29 per annum.
The unexpired term is approximately 54.8 years.
Title The properties are registered under title number WK39861.
The sale includes the freehold ground rent of an electricity sub- station fronting Welsh House Farm Road and edged brown on the Plan available from the Auctioneers and included in the legal pack. This is subject to a Lease for a term of 99 years from 1st July 1967 at a ground rent of £1 per annum. Location Welsh House Farm Road connects Tennal Road with West Boulevard. Moreton Close lies off Welsh House Farm Road. Completion Completion will be twenty eight days after exchange of contracts.
General Notes The buyer is to make a contribution of £500 plus VAT towards the seller's costs. This Lot includes some land at Welsh House Farm Road and Moreton Close and the Plan is available from the Auctioneers and included in the legal pack. The management of these interests is currently undertaken by Pennycuick Collins.
Completion Completion will be twenty eight days after exchange of contracts.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
GUIDE Pennycuic PRICE £ 10,000
Collins SALE PRICE £ Chartered Surveyors Pennycuic Collins Chartered Surveyors
2011 PROPERTY AUCTIONS Wednesday 30th March Wednesday 29th June Wednesday 12th October Wednesday 14th December at The Legends Lounge, St. Andrews, Birmingham City Football Club
Entries Invited for Residential & Commercial Lots and all other Property Interests Pennycuick Collins, 9 The Square 111 Broad Street, Birmingham, B15 1AS Telephone: 0121 665 4150 www.pennycuick.co.uk LOT No: 16
Freehold Ground Rents A Parcel of NINE at: Numbers 5, 11, 12 14, 15, 17 & 25 Brooklands Drive & Numbers 58 & 64 Woodthorpe Road, Kings Heath Birmingham, B14 6EJ 11 Brooklands Drive
Status Freehold Ground Rent Investment.
Description Freehold Ground Rents secured on nine, 1960's built terraced and semi-detached houses together with an Electricity Sub-Station.
Tenure/Lease Details Freehold: subject to nine house leases each for a term of 99 years from 24/6/1967 expiring on 23/6/2066 subject to a ground rent of £25.00 per annum. The Freehold title also includes a Sub-Station o the east of Brooklands Drive for a lease term of 99 years from 24/6/1967, subject to a ground rent of £1.00 per annum.
The unexpired lease term on each lease is approximately 55.5 years. Location From Howard Road traffic lights leave via A435 out of town. At the top of the hill, turn right at Alcester Lanes End Shops into Woodthorpe Road. The properties and Brooklands Drive will be found on the left hand side. Kings Heath is located to the south west of Birmingham. The city centre is approximately 6 miles via the A435.
Completion Completion will be 28 days after exchange of contracts.
General Notes The purchaser is to make a contribution of £600 plus VAT towards the vendor's legal costs.
Viewing/Enquiries Strictly by arrangement with the Auctioneers. Hollier Browne – 0121 458 7421.
GUIDE Tel: 0121 458 7421 PRICE £ 27,000+
SALE PRICE £ LOT No: 17
Freehold Ground Rents A Parcel of TWELVE at: Numbers 2, 6, 12, 13, 22, 27, 34, 35, 38, 41, 44 & 46 Elmwood Close Walnut Hill, Cannock, Staffordshire, WS11 6LX 27 Elmwood Close
Status Freehold Ground Rent Investment.
Description Freehold Ground Rents secured on twelve, 1960's built semi- detached houses.
Tenure/Lease Details Freehold: subject to twelve house leases each for a term of 99 years from 25/12/1965 expiring on 24/12/2064 subject to a ground rent of £12.50 per annum.
The unexpired lease term is approximately 64 years.
Location Elmwood Close is approached from Old Hednesford Road (A4601) and is located off Common Lane.
Cannock is located to the north of Birmingham, and is served by the M6, A5, and A34.
Completion Completion will be 28 days after exchange of contracts.
General Notes The purchaser is to make a contribution of £750 plus VAT towards the vendor's legal costs.
Viewing/Enquiries Strictly by arrangement with the Auctioneers. Hollier Browne – 0121 458 7421.
GUIDE Tel: 0121 458 7421 PRICE £ 39,000+
SALE PRICE £