Initial price	£22,000
09/09/25	£15,000
Price Change	-31.82%

This property is a portfolio of two freehold ground rents, secured on three terraced houses in Gibbs Hill Road, Longbridge. The houses are of brick construction with pitched tile roofs and are located in an established residential area approximately one mile from Longbridge Town Centre. Each property is subject to a long lease for a term of 99 years, with 37 years remaining, and pays a current ground rent of £28 per annum. The total current ground rent income is £84 per annum. The property is being sold at auction on September 10th with a guide price of £12,000 to £15,000. The buyer's administration fee will be £650 including VAT.