24 bedroom block of apartments for saleYardley Wood Road, Birmingham, B14 4ED
- A Freehold Twelve Apartment Residential Investment Current Gross Income: £82,080 pa.
- We understand that the property is Freehold and is being sold subject to the existing tenancies.
For Sale By Auction on 8th December 2016
A Freehold Twelve Apartment Residential Investment
Current Gross Income: £82,080 pa.
We understand that the property is Freehold and is being sold subject to the existing tenancies.
A purpose block of 12 apartments and associated parking, all currently let on Assured Shorthold Tenancies. Situated on a development, together with two other apartment blocks with canal frontage.
Each apartment has a Hall, Lounge/Kitchen, Two Bedrooms, En-Suite Shower Room/WC and Family Bathroom. All flats have some 56 sq.m. (603 sq.ft.) or thereabouts.
|Ground Floor||With Upper & Lower Levels, Four Apartments, Halls Front and Rear, Store and Service Cupboards.|
|First Floor||Landing, Two Apartments.|
|Second Floor||Landing, Four Apartments.|
|Third Floor||Landing, Two Apartments.|
|Apartment 1:||Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.|
|Apartment 2:||Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.|
|Apartment 3:||Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.|
|Total Current Gross Income:||£6,840 per calendar month - £82,080 per annum|
At the time of going to print, we have not had sight of the tenancy agreements.
Strictly by arrangement with the Auctioneers.
* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.
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