Petersbourne Court, Petersfield Road, Hall Green, Birmingham, B28 0AS
Highly Reversionary Freehold Ground Rent Investment including Vacant Former Office with Scope for Further Development (STPP) in Hall Green
Guide price*
£60,000+
Plus fees
Lot information
Ground Rents
Land/Development
Auction details:
Wednesday 10th December 2025 @ 08:30AM
Freehold secured on 16 purpose-built apartments subject to leases, 6 leases with only 47¼ years remaining and a further 4 leases with less than 90 years remaining, producing £1,100 rising, together with vacant former office
Property Description
A block of 16 purpose built apartments, together with a detached single storey former office situated at the rear. The residents’ management company, Petersbourne Court Management Company Limited, is responsible for maintenance, insurance and all service charge matters.Accommodation
Former Office: Comprising Lobby, WC, Two Rooms and adjoining forecourt to front and side.Tenure
FreeholdPlanning
With regards to the office at rear, interested parties must make their own enquiries of the Local Planning Authority, Birmingham City Council, in respect of planning and independently satisfy themselves as to the suitability of the property and site for any use or development they may propose.Value Added Tax
For information in respect of VAT, and whether or not it will be chargeable, please refer to the Legal Pack.Auctioneer's Note
The lessees have NOT elected to take up their rights of pre-emption.Remote Bidding Auction
This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.Viewings
External viewings only.Lease Details
| Flat No. | Lease Term | Approx. Reversion |
|---|---|---|
| 1 | Expiring 2163 , subject to a peppercorn ground rent | 138 years |
| 2 | 99 years from 25th March 2015, subject to a ground rent of £200 doubling every 25 years | 89 years |
| 3 | 99 years from 25th March 1974, subject to a ground rent of £50, with a rent review in 2040. | 47¼ years. |
| 4 | 99 years from 25th March 1974, subject to a ground rent of £50, with a rent review in 2040. | 47¼ years. |
| 5 | Expiring 2163 , subject to a peppercorn ground rent | 138 years |
| 6 | 99 years from 25th March 1974, subject to a ground rent of £50, with a rent review in 2040. | 47¼ years. |
| 7 | 99 years from 25th June 2013, subject to a ground rent of £200 doubling every 25 years | 87 years. |
| 8 | Expiring 2163 , subject to a peppercorn ground rent | 138 years. |
| 9 | Expiring 2163 , subject to a peppercorn ground rent | 138 years. |
| 10 | Expiring 2163 , subject to a peppercorn ground rent | 138 years |
| 11 | 99 years from 25th March 1974, subject to a ground rent of £50, with a rent review in 2040. | 47¼ years. |
| 12 | 99 years from 29th September 2013, subject to a ground rent of £200 per annum, with rent reviews every 25 years. | 87 years. |
| A | Expiring 2191, subject to a peppercorn ground rent | 166 years |
| B | 99 years from 25th June 2013, subject to a ground rent of £200 doubling every 25 years | 87 years |
| C | 99 years from 25th March 1974, subject to a ground rent of £50, with a review in 2040. | 47¼ years. |
| D | 99 years from 25th March 1974, subject to a ground rent of £50, with a rent review in 2040. | 47¼ years. |
| Detached Office: | Vacant | - |
DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
