12 bedroom block of apartments for saleYardley Wood Road, Birmingham, B14 4FD
Guide Price* £615,000
- 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.
For Sale By Auction on 8th December 2016
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.
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.
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 Floor||Three Apartments.|
|First Floor||Three 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:||£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.
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*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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