8 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
- 22/05/2024
- Birmingham
Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
Property for auction on 22nd May 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.
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Broadband availability and predicted speed: obtained from Ofcom on March 13, 2024
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