Freehold Commercial Ground Rent in Birmingham
Address
64 Rea Street South, Birmingham, B5 6LB
Auction date
10 Jul 2025
Guide price
£575,000
Type
Commercial
Tenure
Freehold
EPC Rating
Unknown
Auctioneer
Bond Wolfe
Description
A freehold commercial ground rent investment situated in Birmingham, sold on behalf of Birmingham City Council.
This investment is secured on retail premises and will not affect the business operations. The total site area is approximately 2,466 sq.m. (26,543.80 sq.ft.).
Freehold, with a lease of 100 years starting from 8th May 2015, allowing 90 years remaining at an annual ground rent of £23,500, with reviews every 7 years.
The successful buyer will also incur the Council's professional fees of £3,600, and an admin fee of £3,000 plus VAT will apply.
External viewings only.
All details are provided to the best knowledge of the agency. Buyers must conduct due diligence before bidding.
Last update: 31 May 2025
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