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12 bedroom block of apartments for sale

Yardley Wood Road, Birmingham, B14 4FD

Guide Price* £615,000

Property Description

Key features

  • A Freehold Six Apartment Residential Investment Current Gross Income: £41,040 pa.
  • We understand that the property is Freehold and is being sold subject to the existing tenancies.

Full description

Tenure: Freehold

For Sale By Auction on 8th December 2016

A Freehold Six Apartment Residential Investment
Current Gross Income: £41,040 pa.

Tenure
We understand that the property is Freehold and is being sold subject to the existing tenancies.

Property Description
A purpose built block of six apartments and associated parking, currently let on Assured Shorthold Tenancies. The block forms part of a canalside development, together two further apartment blocks.

Accommodation
Each apartment has Hall, Lounge/Kitchen, Two Bedrooms, En-Suite Shower Room and WC and Family Bathroom. All apartments are of 56 sq.m. (603 sq.ft) or thereabouts.
  
Ground FloorThree Apartments.
First FloorThree Apartments.



Tenancy Details
  
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.
Apartment 4:Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.
Apartment 5:Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.
Apartment 6:Let on an Assured Shorthold Tenancy, at a rental figure of £570 per calendar month - £6,840 per annum.
Total Current Gross Income:£3,420 per calendar month - £41,040 per annum



At the time of going to print, we have not had sight of the tenancy agreements.

* 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.

Listing History

Added on Rightmove:
16 November 2016

Map & Street View

Disclaimer - Property reference 55414. 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 SDL Auctions Bigwood, Birmingham. 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.

*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.”

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 SDL Auctions Bigwood, Birmingham on 0121 233 5046.


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