Ground Rents at The Old Chapel, St. Pauls Square, Jewellery Quarter, Birmingham, B3 1QS

13 freehold ground rents on 12 private dwellings in Birmingham

Guide price*


Plus fees

Sold Prior to auction, for an undisclosed amount

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Lot 127 Garages & Ground Rents
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Auction details:

Thursday 27th February 2020 @ 10:00AM

Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE

Thirteen Freehold Ground Rents Secured on 12 Private Dwellings and Electricity Sub Station Current Gross Income: £1,800 pa

Property Description

Thirteen Freehold Ground Rent investments secured on 12 private dwellings in a former chapel converted into apartments and an electricity sub station.


St. Pauls Square is a Georgian square in the Jewellery Quarter suburb of central Birmingham and is accessed via Brook Street, Caroline Street and Mary Ann Street.

Lease Details

Apartment 1:- 150 years from 6th December 2003.
Apartment 2:- 150 years from 6th December 2003.
Apartment 3:- 150 years from 11th June 2004.
Apartment 4:- 150 years from 6th December 2003.
Apartment 5:- 150 years from 30th January 2004.
Apartment 6:- 150 years from 1st July 2004.
Apartment 7:- 150 years from 6th December 2003.
Apartment 8:- 150 years from 6th December 2003.
Apartment 9:- 150 years from 6th December 2003.
Apartment 10:- 150 years from 6th December 2003.
Apartment 11:- 150 years from 6th December 2003.
Apartment 12:- 150 years from 6th December 2003.
Each of the apartments are subject to a Ground Rent of £150 per annum escalating.
Electric Sub Station:- 99 years from 20th March 1980 - subject to a peppercorn Ground Rent.
See legal pack for further details.

Auctioneers Note

Please note offers may be considered prior to the Auction Sale.


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 all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


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.


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.


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 £1,680 inc VAT (£1,400.00 + 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 is available to download free of charge under the ‘lot information’.  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.

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