No longer on the market
This property is no longer on the market
Map8 bedroom block of apartments
Auction
Block of apartments
8 beds
Key information
Tenure: Freehold
Council tax: Band A
Broadband: Ultra-fast 1000Mbps *
Features and description
- Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
- 27/03/2024
- Birmingham
Guide Price = £580,000 - £600,000
Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
Property for auction on 27th March at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Residential Flats
All flats are Let on Assured Tenancy Agreements at the following rentals:
Flat 1/459: Rental £495 p.c.m. (£5,940 p.a.)
Flat 2/459: Rental £400 p.c.m. (£4,800 p.a.)
Flat 1/461: Rental £525 p.c.m. (£6,300 p.a.)
Flat 2/461: Rental £495 p.c.m. (£5,940 p.a.)
Flat 1/463: Rental £425 p.c.m. (£5,100 p.a.)
Flat 2/463: Rental £435 p.c.m. (£5,220 p.a.)
Flat 1/465: Rental £350 p.c.m. (£4,200 p.a.)
Flat 2/465: Rental £475 p.c.m. (£5,700 p.a.)
Total Rental Income: £57,420 per annum.
Note: The seller has owned the property for many years and has taken a tenant friendly approach to rent reviews and therefore there may now be significant potential to increase the rental income.
Accommodation:
Ground Floor
459/461: Double Fronted Office, Managers Office, Toilet with WC. 52.41 sq.ms (564 sq.ft)
463: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
465: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
Flat Accommodation:
Flat 1/459: Ground Floor: Hall, Kitchen, Bathroom, Lounge. First Floor: Large Double Bedroom. 30.14 sq.ms (324 sq.ft).
Flat 2/459: External Stairs to First Floor: Hall, Lounge, Kitchen, Bathroom. Second Floor: Large Double Bedroom. 40.77 sq.ms (438 sq.ft).
Flat 1/461: Ground Floor: Hall, Bathroom, Lounge, Breakfast Kitchen. First Floor: Large Double Bedroom. 48.45 sq.ms (521 sq.ft).
Flat 2/461: Shared Front Entrance, Stairs to First Floor: Lounge, Kitchen, Bathroom, Second Floor: Large Double Bedroom. 50.98 sq.ms (548 sq.ft).
Flat 1/463: Ground Floor: Hall, Breakfast Kitchen, Bathroom, First Floor: Bed/Living Room. 33.12 sq.ms (356 sq.ft).
Flat 2/463: Ground Floor: Shared Front Entrance, First Floor: Lounge, Kitchen, Bathroom, Stairs to Second Floor: Double Bedroom. 44.85 sq.ms (482 sq.ft).
Flat 1/465: Ground Floor, Entrance Hall, Breakfast Kitchen, Bathroom, First Floor, Bed/Living Room. 35.86 sq.ms (386 sq.ft).
Flat 2/465: Hall and Stairs to First Floor, Breakfast Kitchen, Lounge, Second Floor: Double Bedroom, Bathroom. 56.6 sq.ms (610 sq.ft).
Outside:
Forecourt, Two Lock Up Garages located to side.
Rear: Communal access, Bin Stores and Gardens.
Legal Documents:
Available via
Completion: 56 days from exchange of contracts.
EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A
Viewings: Via Cottons[use Contact Agent Button]
A large quantity of internal/external photos are available on our website.
Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
Property for auction on 27th March at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Residential Flats
All flats are Let on Assured Tenancy Agreements at the following rentals:
Flat 1/459: Rental £495 p.c.m. (£5,940 p.a.)
Flat 2/459: Rental £400 p.c.m. (£4,800 p.a.)
Flat 1/461: Rental £525 p.c.m. (£6,300 p.a.)
Flat 2/461: Rental £495 p.c.m. (£5,940 p.a.)
Flat 1/463: Rental £425 p.c.m. (£5,100 p.a.)
Flat 2/463: Rental £435 p.c.m. (£5,220 p.a.)
Flat 1/465: Rental £350 p.c.m. (£4,200 p.a.)
Flat 2/465: Rental £475 p.c.m. (£5,700 p.a.)
Total Rental Income: £57,420 per annum.
Note: The seller has owned the property for many years and has taken a tenant friendly approach to rent reviews and therefore there may now be significant potential to increase the rental income.
Accommodation:
Ground Floor
459/461: Double Fronted Office, Managers Office, Toilet with WC. 52.41 sq.ms (564 sq.ft)
463: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
465: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
Flat Accommodation:
Flat 1/459: Ground Floor: Hall, Kitchen, Bathroom, Lounge. First Floor: Large Double Bedroom. 30.14 sq.ms (324 sq.ft).
Flat 2/459: External Stairs to First Floor: Hall, Lounge, Kitchen, Bathroom. Second Floor: Large Double Bedroom. 40.77 sq.ms (438 sq.ft).
Flat 1/461: Ground Floor: Hall, Bathroom, Lounge, Breakfast Kitchen. First Floor: Large Double Bedroom. 48.45 sq.ms (521 sq.ft).
Flat 2/461: Shared Front Entrance, Stairs to First Floor: Lounge, Kitchen, Bathroom, Second Floor: Large Double Bedroom. 50.98 sq.ms (548 sq.ft).
Flat 1/463: Ground Floor: Hall, Breakfast Kitchen, Bathroom, First Floor: Bed/Living Room. 33.12 sq.ms (356 sq.ft).
Flat 2/463: Ground Floor: Shared Front Entrance, First Floor: Lounge, Kitchen, Bathroom, Stairs to Second Floor: Double Bedroom. 44.85 sq.ms (482 sq.ft).
Flat 1/465: Ground Floor, Entrance Hall, Breakfast Kitchen, Bathroom, First Floor, Bed/Living Room. 35.86 sq.ms (386 sq.ft).
Flat 2/465: Hall and Stairs to First Floor, Breakfast Kitchen, Lounge, Second Floor: Double Bedroom, Bathroom. 56.6 sq.ms (610 sq.ft).
Outside:
Forecourt, Two Lock Up Garages located to side.
Rear: Communal access, Bin Stores and Gardens.
Legal Documents:
Available via
Completion: 56 days from exchange of contracts.
EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A
Viewings: Via Cottons[use Contact Agent Button]
A large quantity of internal/external photos are available on our website.
Property information from this agent
About this agent
Cottons have been successfully selling property by Auction for well in excess of 50 years and are now established as one of the leading Auctioneers outside of London. Our Auctions are usually held at the Holte Suite, Aston Villa Football Club, Aston, Birmingham and typically comprise of an extensive range of residential and commercial property, land, and ground rent investments. Whilst our catalogue will normally comprise of property within the Midlands Region, we have a proven track record for selling lots further a field and extending across the UK. If you have a property to include in any of our forthcoming Auctions, or if you wish to receive a catalogue please contact us immediately.