Pennycuic Collins Chartered Surveyors
in association with
Property Auction Tuesday 13th October 2009 at 11am The Gold Suite 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 All lots will, unless previously withdrawn, be sold subject to the special and standard conditions of sale which have been prepared by the vendor's solicitors.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, 3, 14 and 15.
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 (£287.50 including vat at 15%) 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 – Tuesday 13th October 2009
RESIDENTIAL INVESTMENTS
Lot 1 109 Handsworth Wood Road, Handsworth Wood Lot 2 2 Kingslea, Cofield Road, Boldmere, Sutton Coldfield Lot 3 215 Baldwins Lane, Hall Green
FREEHOLD LAND SITES
Lot 4 Land at Hanbury Road, Stoke Prior, Bromsgrove Lot 5 Land at Braemar Drive, Erdington
HOUSES WITH VACANT POSSESSION
Lot 6 40 Metchley Lane, Harborne Lot 7 18 Hazelwood Road, Streetly, Sutton Coldfield Lot 8 5 Galloway Avenue, Hodge Hill Lot 9 7 Vernon Road, Oldbury Lot 10 54 Havelock Road, Tyseley Lot 11 25 Station Road, Rushall, Walsall Lot 12 3 Yateley Avenue, Great Barr Lot 13 30 Caversham Road, Kingstanding
COMMERCIAL INVESTMENT PROPERTY
Lot 14 84/86 Boldmere Road, Boldmere, Sutton Coldfield
FREEHOLD GROUND RENT INVESTMENT
Lot 15 Springdale Court, Warstones Road, Penn
HOUSES WITH VACANT POSSESSION
Lot 16 54 Towyn Road, Moseley Lot 17 Brearley House, 95 Grange Road, Small Heath
NEXT AUCTION – WEDNESDAY 9th DECEMBER 2009 – LOTS INVITED
Pennycuic Collins Chartered Surveyors LOT No 1
109 Handsworth Wood Road Handsworth Wood Birmingham B20 2PH
Status Residential Investment.
Description A traditionally styled and substantial three storey detached property divided into eleven bedsitting rooms and with the benefit of a 'HMO licence' .
There are three bedsits to the ground floor, four to the first floor and four to the second floor. There are bathrooms on both the ground and first floors.
The property is thought to have been constructed originally as a single dwelling and could be re-converted to form a large family house, subject to planning consent.
The property retains many period features, some possibly original, including tiled floors, leaded lights, fireplaces and cornicing.
Accommodation There is a lawned front garden with pathway to vestibule entrance.
To the ground floor there is an entrance hall (with cellar off), 3 bedsits, bathroom, lobby and store.
To the first floor there are 4 bedsits, bathroom and 2 wc’s.
To the second floor there are 4 bedsits and store.
There is a good size rear garden with stores.
Tenure Freehold.
Lettings It is understood that four of the eleven bedsits are let at £40 per week (inclusive) although neither the vendors nor the auctioneers have any letting documentation and are not able to verify this information. Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
Pennycuic Collins Chartered Surveyors HMO licence The previous owner made an application for a House in Multiple Occupation licence (under Section 64 of the Housing Act 2004) on 5th July 2006. The licence was granted by Birmingham City Council on 16th May 2007 and is valid for a period of five years. It is subject to a 'Notice of Intention to Grant a Licence' served by the Council. Copies of the licence and the notice are available from the auctioneers' office or from the auctioneers' website. Location The property is situated on Handsworth Wood Road between its junctions with Somerset Road and Devonshire Road.
Hamstead Village and Hamstead railway station are around a mile away with Perry Barr One Stop shopping centre and railway station are a little further. In addition there are local bus services running along both Handsworth Wood Road and Church Lane/Wellington Road. Completion Completion will be forty two days after exchange of contracts.
GUIDE PRICE £ 170,000
SALE PRICE £ LOT No 2
2 Kingslea Cofield Road Boldmere Sutton Coldfield B73 5SD
Status Residential Investment.
Description A very conveniently positioned ground floor apartment in a well regarded residential district of Sutton Coldfield. The property is let on an Assured Shorthold Tenancy.
Accommodation The accommodation includes a hallway, lounge with separate bedroom area off, kitchen and bathroom with shower.
Kingslea has an entrance lobby with a security door entry system. There are mainly lawned communal gardens surrounding the block and a parking area.
Tenure The property is leasehold for a term of 99 years from 25th March 1985. The unexpired term is approximately 74.5 years.
There is a current annual ground rent of £30 and a current annual service charge of £500.
Tenancy Tenancy: Assured Shorthold Tenancy. Rent: £415 per month. Date: The property was let on 12/4/2002 and is let to the original tenant. Agent: The letting is managed by Pennycuick Collins.
Location Cofield Road lies off Boldmere Road just a few hundred yards from the excellent shopping facilities at Boldmere 'high street' and around two thirds of a mile from Sutton Park.
Viewing / Enquiries Strictly by arrangement with the Auctioneers Pennycuick Collins - 0121 665 4150
Completion Completion will be twenty eight days after exchange of contracts.
GUIDE Pennycuic PRICE £ 58/60,000
Collins SALE PRICE £ Chartered Surveyors LOT No 3
215 Baldwins Lane Hall Green Birmingham B28 0PZ
Status Residential Investment.
Description An attractive and well presented extended traditional semi detached residence situated in a very well established residential area.
The accommodation offers two reception rooms and two double bedrooms. The property was originally a three bedroom house with the second and third bedrooms having been combined to create a large master bedroom. The third bedroom could be re-instated. There is both double glazing and a gas fired radiator central heating system. The property is let on a Life Tenancy.
Accommodation Ground Floor: Fully enclosed porch, entrance hall, 2 reception rooms, extended kitchen, utility area. First Floor: Landing, 2 double bedrooms, bathroom with shower cubicle. Outside: There are gardens to both front and rear. Parking: The front garden is mainly brick paved providing two car parking space. Garage: There is a single side garage.
Tenure Freehold – subject to tenancy.
Tenancy: Life Tenancy. Rent: £21.66 per week.
Location The property lies on Baldwins Lane close to its junction with Scribers Lane in what is a well established residential area.
Viewing/Enquiries Strictly with the Auctioneers Pennycuick Collins 0121-665-4150
Completion Completion will be twenty eight days after exchange of contracts
GUIDE Pennycuic PRICE £ 95,000
Collins SALE PRICE £ Chartered Surveyors LOT No 4 Photograph showing Hanbury Road frontage
Land between 67 & 69 Hanbury Road
Stoke Prior, Bromsgrove Worcestershire, B60 4LB
Description The freehold interest in a substantial piece of land fronting Hanbury Road, Stoke Prior, approximately two miles south of Bromsgrove. The land is roughly rectangular in shape and extends to around 3,543 sq.yd (2,962 sq.m) – around 0.73 acre. The land lies next to a row of cottages (numbers 59 – 67) dated 1849 to the left hand side, and next to two semi detached houses (numbers 69 & 71) to the right hand side. Banham House, Stoke Prior Craft Centre and Canal Wharf are opposite.
Status Vacant Possession.
Currently the land is undeveloped and interested parties should make their own enquiries to: Bromsgrove District Council – Planning Department, Council House, Burcot Lane, Bromsgrove, B60 1AA. Telephone: 01527-881288.
Tenure Freehold.
Location The land fronts Hanbury Road between house numbers 67 & 69. Hanbury Road is the B4091 which connects Bromsgrove with Alcester and Stoke Prior is a very pleasant semi-rural village community.
Enquiries Pennycuick Collins 0121 665 4150
Viewing The site can be self viewed at any reasonable time, although as the land is not developed viewers should exercise caution when viewing.
Auctioneers' Notes The plan can be inspected at the Auctioneers' offices or can be viewed and downloaded from the auctioneers' website: www.pennycuick.co.uk
Completion Completion will be twenty eight days after exchange of contracts.
GUIDE Pennycuic PRICE £ 30,000+
Collins SALE PRICE £ Chartered Surveyors
LOT No 5
Land at Braemar Drive:
Erdington Birmingham, B23 7HW
Description The freehold interest in a piece of land at Braemar Drive Erdington.
The land is roughly rectangular in shape and extends to around 1,416 sq.yd (1,184 sq.m) – around 0.29 acre.
The land lies to the rear of numbers 26, 28, 30, 39, 41 & 43 Braemar Drive.
Status Vacant Possession.
Currently the land is undeveloped and interested parties should make their own enquiries to:
Birmingham City Council – Planning Management, Alpha Tower, Suffolk Street Queensway, Birmingham, B1 1TU. Telephone: 0121-303-1115
Tenure Freehold.
Location Braemar Drive is a cul-de-sac off Ivyfield Road which can be approached from Marsh Hill A4040.
Enquiries Pennycuick Collins 0121 665 4150
Auctioneers' Notes The plan can be inspected at the Auctioneers' offices or can be viewed and downloaded from the auctioneers' website: www.pennycuick.co.uk
Completion Completion will be twenty eight days after exchange of contracts.
GUIDE Declared Pennycuic PRICE £ Nil Reserve
Collins SALE PRICE £ Chartered Surveyors
LOT No 6
40 Metchley Lane Harborne Birmingham B17 0HS
Status Vacant Possession
Description An attractive late Victorian semi detached residence occupying an excellent position on Metchley Lane close to Harborne High Street. The accommodation offers two reception rooms and three double bedrooms.
Accommodation Ground Floor: Porch entrance, vestibule, entrance hall, two reception rooms, kitchen, bathroom with wc off. First Floor: Landing, 3 double bedrooms. Outside: There is a walled front garden and a good size rear garden.
There is potential to add accommodation by utilising the significant loft space, as has been carried out at neighbouring houses – numbers 38, 36 & 34.
Tenure The property is leasehold for a term expiring on 22nd March 2044. There are therefore approximately 34.5 years unexpired. There is an annual ground rent of £2,100 per annum.
A Notice of Enfranchisement has been served upon the freeholder and the benefit of the notice will be assigned to the purchaser at completion.
Location The property lies on Metchley Lane close to its junction with Somerset Road Metchley Lane connects Harborne Road/High Street with Barlows Road/Greenfield Road. The property occupies an excellent location in a well established and highly regarded residential area, yet within minutes walk of Harborne High Street.
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 £ 120,000
Collins SALE PRICE £ Chartered Surveyors LOT No 7
18 Hazelwood Road Streetly Sutton Coldfield B74 3RH
Status Vacant Possession.
Description A traditionally styled semi detached residence in a well established residential area of Sutton Coldfield and being well served by local amenities.
The accommodation includes two reception rooms, three bedrooms and has a side garage.
Accommodation Ground Floor: Fully enclosed porch, entrance hall, front reception room, rear reception room (with double glazed patio doors to garden), kitchen. First Floor: Landing, 3 bedrooms, bathroom, separate wc. Outside: There is a lawned front garden and a lawned rear garden with paved patio. Garage: There is a driveway offering parking space and leading to a side garage.
Tenure Freehold.
Location Hazelwood Road runs between Foley Road West and Lowlands Avenue, both of which can be approached from Aldridge Road.
St Anne's Junior & Infant School and Blackwood Middle School are within a short walk and there are bus services locally on Foley Road West (B4151) and Chester Road (A452). Barr Beacon, Blackwood Park and Foley Wood are nearby and Sutton Park is within around one mile.
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 £ 130,000
Collins SALE PRICE £ Chartered Surveyors LOT No 8
5 Galloway Avenue Hodge Hill Birmingham B34 6JL
Status Vacant Possession.
Description A traditional semi detached residence located in a well established residential area and offering double glazed accommodation to include two reception rooms and three bedrooms.
The property occupies a corner plot with significant space to the side offering potential to extend the accommodation, perhaps to include a side garage and a fourth bedroom (subject to planning consent).
Accommodation Ground Floor: Fully enclosed porch, entrance hall, 2 reception rooms, kitchen, full width verandah/utility room. First Floor: Landing, 3 bedrooms, bathroom. Garden: There are mainly lawned gardens to front, side and rear. Parking: There is a driveway providing potential parking space, although at present there is no 'dropped kerb'.
Tenure Freehold.
Location The property is situated on Galloway Avenue near its junction with Darley Avenue which leads off Heath Way.
Galloway Avenue forms part of a well established residential area and is in close proximity to Hodge Hill Common and the A47 Coleshill 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 £110/115,000
Collins SALE PRICE £ Chartered Surveyors LOT No 9
7 Vernon Road Oldbury West Midlands B68 8SE
Status Vacant Possession.
Description A traditional 'turn of the century' terraced residence.
The accommodation offers two reception rooms, two double bedrooms and is in need of some improvement.
The property would make an ideal first home or, alternatively, an excellent letting investment.
Accommodation Ground Floor: Front reception room, rear reception room, lobby, kitchen. First Floor: Landing, 2 double bedrooms, bathroom. Gardens: There is a walled front garden and a rear garden with stores and pathway to rear pedestrian gulley way.
Tenure Freehold.
Location Vernon Road connects Rood End Road (B4169) with Wellesley Road. Langley Green railway station is around a third of a mile away and there are also local bus services near at hand.
The property is situated close to West Smethwick Park.
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 £ 60,000
Collins SALE PRICE £ Chartered Surveyors LOT No 10
54 Havelock Road Tyseley Birmingham B11 3RG
Status Vacant Possession.
Description A traditional terraced residence offering three bedroom accommodation with the benefit of double glazing.
The kitchen and bathroom have both been refurbished with the kitchen having a good range of units and the fully tiled bathroom having a corner bath and separate shower cubicle.
Accommodation Ground Floor: Entrance hall, spacious through lounge incorporating dining area, lobby (with store off), kitchen, rear lobby, bathroom with shower. First Floor: Landing, 3 bedrooms. Gardens: There is a small front garden and a rear garden with paved patio.
Tenure Freehold.
Location Havelock Road connects Medina Road and Boscombe Road, both of which lead off Warwick Road (A41).
There are local services and amenities on Warwick Road and Tyseley railway station is within around half a mile.
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 £ 80/85,000
Collins SALE PRICE £ Chartered Surveyors LOT No 11
25 Station Road Rushall Walsall WS4 1EP
Status Vacant Possession.
Description A traditional 'turn of the century' terraced residence in a convenient position midway between Walsall and Walsall Wood.
The accommodation offers two reception rooms, three good size bedrooms and is need of some improvement.
The property would make an ideal first home or, alternatively, an excellent letting investment.
Accommodation Ground Floor: Front reception room, lobby, rear reception room, kitchen, rear lobby, bathroom. First Floor: Landing, 3 bedrooms. Outside: There are gardens to both front and rear.
Tenure Freehold.
Location Station Road runs between Harden Road and Lichfield Road (A461) and is approximately midway between Walsall and Walsall Wood/Shire Oak.
The property can be found on Station Road opposite its junction with Stanier Close.
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 £ 65/70,000
Collins SALE PRICE £ Chartered Surveyors LOT No 12
3 Yateley Avenue Great Barr Birmingham B42 1JW
Status Vacant Possession.
Description A widely improved and substantially extended link semi detached house offering well presented and spacious five bedroom accommodation. The property has been refurbished to a high standard throughout, including high quality re-fitting of the kitchen and bathroom. The property is double glazed and offers a gas radiator 'combi' central heating system. There is both parking space and a garage and the property falls within a well regarded residential area.
Accommodation Ground Floor: Fully enclosed porch, entrance hall (with guests' cloaks off), 2 reception rooms, superb breakfast kitchen, lobby, cloakroom. First Floor: Dual way landing, 5 bedrooms (3 doubles & 2 singles), fully tiled bathroom with shower cubicle. Garden: There is a lawned garden with pleasant raised deck area. Parking: There is a brick paved frontage providing parking space. Garage: There is an integral garage with rear personal door.
Tenure Freehold.
Location The property is situated on Yateley Avenue near its junction with Stanford Avenue in what is a well established residential area. The property is around half a mile from the Scott Arms, where there are shopping and bus services and around two thirds of a mile from Hamstead railway station, where there are direct train services to both Birmingham and Walsall.
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 £ 195,000
Collins SALE PRICE £ Chartered Surveyors LOT No 13
30 Caversham Road Kingstanding Birmingham B44 0LN
Status Vacant Possession.
Description A traditionally styled end town house residence offering three bedroom accommodation.
The property benefits from a gas radiator central heating system.
Accommodation Ground Floor: Entrance hall, spacious lounge, kitchen, lobby, bathroom. First Floor: Landing, 3 good size bedrooms. Outside: There are gardens to both front and rear. Parking: There is parking space afforded to the front of the property.
Tenure The property is leasehold for a term of 99 years from 29th September 1966.
The unexpired term is approximately 56 years.
There is an annual ground rent of £25.00
A Notice of Enfranchisement has been served upon the freeholder, Birmingham City Council, and the benefit of the notice will be assigned to the purchaser at completion.
Location Caversham Road runs between Sidcup Road and Carshalton Road. The property is approximately midway between Kings Road and Kingstanding Road, both of which have regular bus services and other local amenities.
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 £ 70/74,000
Collins SALE PRICE £ Chartered Surveyors LOT No 14
Freehold Commercial/Residential Investment Property
84, 84A & 86 Boldmere Road Boldmere, Sutton Coldfield B73 5TJ
Status Freehold fully let mixed investment opportunity – three shops & two flats.
Description The lot comprises three shops, with flats over, well let and located in the heart of the Boldmere shopping area in Sutton Coldfield. Boldmere Road is a busy 'high street' in a highly regarded area.
Neighbours include branches of Boots, Greggs & HSBC.
Tenure Freehold, subject to the following FR & I leases of the ground floor shops:
84 Boldmere Road: Lease term: 9 years from 26/12/2008 Current rent: £14,500 per annum Rent pattern: £14,500, £15,000 & £15,500 respectively for first three years and three yearly reviews thereafter. Tenant's break clauses 25/12/09, 25/10/10 & 25/12/11 subject to three months notice and 25/12/14 subject to six months notice
84A Boldmere Road: Lease term: 15 years from 25/3/2009 Current rent: £9,000 per annum Rent pattern: Three yearly reviews. Tenant's break clauses after six and twelve years
86 Boldmere Road: Lease term: 15 years from 1/4/2005 Current rent: £12,360 per annum Rent pattern: Rent to rise to £13,200 per annum at 1/4/10 and three yearly reviews thereafter
AND subject to the following FR & I lease of flat over number 86:
Lease term: 99 years from 25/12/1990 to 24/12/2089 Ground Rent: £30 per annum
Pennycuic Collins Chartered Surveyors AND subject to an Assured Shorthold Tenancy of flat over number 84:
Lease term: AST created in May 2002 and let to the original tenant. Rent: £420 per month (equivalent to £5,040 per annum).
Rental Income The current rental income is £40,940 per annum.
Auctioneers' Notes Copies of the leases and legal documents are available from the Auctioneers.
VAT does not apply to this lot.
Pennycuick Collins disclose that a member of their staff is related to the vendor of this lot.
Location The property is very prominently situated on Boldmere Road opposite Gate Lane, between Boots & Greggs.
Viewing/Enquiries Strictly with the Auctioneers Pennycuick Collins 0121-665-4150
Completion Completion will be twenty eight days after exchange of contracts.
GUIDE PRICE £450/475,000
SALE PRICE £
LOT No 15
Flats 1-4 Springdale Court Warstones Road Penn Wolverhampton WV4 4LW
Status Freehold Ground Rent Investment.
Description Freehold Ground Rents secured on 4 maisonettes and garages.
Tenure Freehold (Subject to Lease).
Lease Details The freehold is subject to 4 residential leases all for a term of 99 years from the 25th December 1976 (on completion just over 66 years unexpired) producing income as below:-
Total income: £140 to 24/12/2009 p.a. £209 to 24/12/2042 p.a. £280 to 24/12/2075 (end of term) p.a.
The rents are receivable half yearly.
Location Junction/Corner Hollybush Lane.
Agents Remarks 1. The lessees are responsible for repair of the buildings and insurance. 2. Notices under Section 5 of the Landlord and Tenant Act 1987 have been served with no response to those notices from the Leaseholders.
Viewing/Enquiries Strictly by arrangement with the Auctioneers. Hollier Browne – 0121 458 7421 or 0121 430 5666.
GUIDE Tel: 0121 458 7421 PRICE £ 20,000
SALE PRICE £ LOT No 16
54 Towyn Road Moseley Birmingham B13 9NA
Status Vacant Possession.
Description A traditional 2 storey terraced house requiring repair.
Accommodation Ground Floor: Porch, 2 Reception Rooms, Kitchen and Bathroom. First Floor: Landing and 3 Bedrooms. Outside: Front and rear Gardens.
Tenure/Lease Details Leasehold:
Term: 50 years from 29th September 2000 (ie 41 years unexpired).
Ground Rent: £750 per annum payable quarterly
Rent Review: 29th September 2025 to market rent which is stated to be …”the yearly rent which having regard to the terms hereof (other than those relating to the yearly rent) the demised premises would be at the review date currently command in the open market there being disregarded any tenants improvements, fixtures or goodwill…”
Agents Remarks 1. Purchasers are recommended to take advice in respect of this lease prior to purchase. 2. The property is in poor condition. No minors will be allowed to enter the property and viewers inspect entirely at their own risk. 3. Landlord insures and recovers premium from the Tenant
Viewing/Enquiries Strictly by arrangement with the Auctioneers. Hollier Browne – 0121 458 7421 or 0121 430 5666..
GUIDE Tel: 0121 458 7421 PRICE £ 10,000
SALE PRICE £ LOT No 17
Brearley House 95 Grange Road Small Heath Birmingham B10 9QT
Status Vacant Possession.
Description A large detached and most impressive Victorian house with attached surgery premises, garaging and stores – may suit other uses.
Accommodation With modern central heating system (not currently second floor).
Ground Floor House: Hall, WC Cloaks, 3 Reception Rooms, 2 Staircases, Butlers Pantry, Scullery and Cellerage. Ground Floor Surgery: Waiting Room, Preparation Room and 2 Consulting Rooms. First Floor: Part Galleried Landing, 5 Bedrooms, Games Room/Meeting Room (over surgery), Dressing Room, Bathroom and separate WC. Second Floor: Landing, 1/2 Bedrooms and Box room. Outside: Foregarden with 'in & out' drive, 45' garage, workshops and walled garden.
Tenure Freehold (subject to verification).
Location On slip road junction from Green Lane.
Agents Remarks A unique opportunity to acquire a large residential property with, subject to consents, separate Granny / Teenager flat / medical / assembly / investment use in whole or part. This impressive property was originally built around 1880 with surgery and Billiard room addition shortly after around 1900. The gardens originally included the adjacent 'Grange Road Park'. Until recent years the owners family have provided the community's medical care since the 1920's and is a well known local land mark building.
Viewing/Enquiries Strictly by arrangement with the Auctioneers. Hollier Browne – 0121 458 7421 or 0121 430 5666.
GUIDE Tel: 0121 458 7421 PRICE £ 200,000+
SALE PRICE £ Do you own the long leasehold interest in a house or flat/maisonette?
If YES
Have you owned the property for more than 2 years?
If YES
Then provided certain other criteria are satisfied you will have a statutory right to either:
i. purchase the freehold interest (for houses)
or
ii. purchase a 90 year lease extension (for flats/maisonettes)
Some mortgage providers will not secure finance on a leasehold property once the remaining number of years on the lease falls below 70. This will therefore restrict the potential saleability of your leasehold property and purchasing your freehold or extending your lease may be required.
Pennycuick Collins' Residential Professional team are able to negotiate freehold acquisitions or lease extensions on your behalf.
We are happy to provide an initial indication of cost before receiving any formal instruction.
For further information please contact: Sam Boot BSc (Hons) Jayne Barker Graduate Surveyor Personal Assistant Tel: 0121 665 4168 Tel: 0121 665 4185 [email protected] [email protected] Pennycuic Collins Chartered Surveyors Pennycuic Collins Chartered Surveyors in association with
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