5 bedroom townhouse

For Sale By Public Auction on 31 March 2021 starting at 08:30 AM - Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid no later than 12 Noon on Tuesday 30th March.

A THREE STOREY FREEHOLD INVESTMENT GRADE II LISTED TOWN HOUSE
Current Gross Income: £49,000 pa.



The property forms part of a parade of nine Grade II listed freehold, three story townhouses, dating back to 1795, and believed to be the oldest remaining terrace of Georgian properties in the Midlands. Awarded two certificates by Historic England, the properties were once owned by the son of Prime Minister Sir Robert Peel, Arthur Wellesley Peel, Speaker of the House of Commons and godson to the Duke of Wellington and still contain many of the original features. The property is in good order throughout and provides an ideal opportunity for both portfolio investors and owner occupiers alike. The property benefits from a HMO licence, gas central heating, and basement cellar.

Tenure
Freehold Subject to the existing tenancies - see legal pack for full tenancy details.

Location
Situated in a prime position on the B4124 Hamstead Road in Hockley. Hamstead Road feeds directly off the main A41 Soho Hill, just 1.5 miles from Birmingham City Centre.

Accommodation
Basement: Cellar
Ground Floor: One Letting Room, Lounge, Kitchen/Diner, Bathroom.
Upper Floors: Five Further Letting Rooms & Bathroom.
Outside: Foregarden and Rear Courtyard Garden.

Tenancy Details
The property is fully let, currently producing a gross rental income of £49,000 p.a.

Energy Performance Rating
See legal pack.

Viewing Times
External viewings only.

Disclaimer
Bond Wolfe Auctions 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 Auctions are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe Auctions’ website.

Remote Bidding Auction
Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only. You must pre-register to bid for each auction within 24 hours of the auction commencing.

*Definition of Guide Price and Reserve
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 £1,440 inc VAT (£1,200.00 + 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. 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. The legal packs and further information about buying at auction are available on the Bond Wolfe Auctions’ website.