The Old Chapel, Lichfield Street, Tamworth, Staffordshire, B78 3QA
- PROPERTY TYPE
Block of Apartments
- SIZE
41,602 sq ft
3,865 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- For sale by auction on 11th July 2024 (if not sold prior)
- Stylish character filled conversion of former Methodist church
- Overlooking the Birmingham and Fazeley Canal.
- Convenient and well connected location close to local shops and transport links.
- Comprises five fully let luxury apartments producing £63,600 p.a.
- Guide Price - £795,000+ (plus fees)
Description
£795,000+ ( plus fees)
The property is to be offered for sale as a whole by auction on 11th July 2024, unless sold prior. The vendor may consider pre-auction offers on a subject-to contract basis.
Freehold Residential Investment Opportunity
The Old Chapel Fazeley originally built in 1884 has been completely renovated into five luxury apartments. The Chapel stands in a prime location beside the Birmingham and Fazeley canal and offers original characteristic features which flow throughout the apartments, having been upgraded to offer a more luxurious finish and feel.
There are four 2 bedroom apartments and one 1 bedroom apartment, with all apartments offering canal views and all have their own unique selling points with the top floor Penthouse offering more living space and views.
Accommodation
This property comprises of 5 apartments. All of the apartments are let on 12 month assured shorthold tenancies at a combined rental income of £63,600 per annum (£5,300 per calendar month).
Location
The Old Chapel occupies a prominent canal side position on Lichfield Street in Fazeley between
Tamworth and Sutton Coldfield.
The location offers excellent commuter links to M6, M6 Toll, M42 and A5 and Tamworth station offers 46 weekday rail journeys to London Euston with the fastest journey time of 1hr 9 mins.
Ventura Park is also close by with excellent shopping facilities and a large choice of eateries such as Pizza Express, Five Guys and Nandos. There are great entertainment facilities including Cinema, Bowling, Indoor ski/snowboarding, Ice Skating, Swimming pool, Drayton Manor Theme Park and various gyms.
Tenure
Freehold, subject to the existing tenancies.
VAT
We are advised that the property is not elected for VAT.
EPC
Apartment 1 - D rating
Apartment 2 - E rating
Apartment 3 - D rating
Apartment 4 - D rating
Apartment 5 - E rating
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Brochures
Further InformationDetailed BrochureCouncil TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
The Old Chapel, Lichfield Street, Tamworth, Staffordshire, B78 3QA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wilnecote Station1.0 miles
- Tamworth Station1.6 miles
- Polesworth Station3.9 miles
About the agent
Bond Wolfe, Commercial Sales
1st Floor 75-77 Colmore Row Birmingham B3 2AP
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 241161. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, Commercial Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Bond Wolfe, Commercial Sales on 0121 387 6635.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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