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12 bedroom hotel for sale

Sherbourne Road, Acocks Green, Birmingham, B27 6EA

Sold STC £425,000

Property Description

Key features

  • A Substantial Freehold Residential Investment Property Current Gross Income: £45,760 pa. Potential Gross Income: £61,100 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 9th November 2016

A Substantial Freehold Residential Investment Property
Current Gross Income: £45,760 pa.
Potential Gross Income: £61,100 pa.

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

Property Description
A substantial detached property, standing back from the road behind a driveway and foregarden, which was once a hotel and has now been converted to a HMO and comprises 12 lettable rooms. The Avalon has full planning for change of use, Application No. 2015/01963/PA, Decision document dated 9th July 2015.

The property benefits from having mains smoke alarms, emergency lighting, central heating and the majority of the windows are UPVC double glazed units.

Auctioneer's Note
The rear car park, as shown on the attached plan could have development potential, subject to planning.

* 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.

Nearest stations

  • Acocks Green (0.1 mi)
  • Spring Road (0.7 mi)
  • Tyseley (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Bigwood Auctions, Coventry

45 Summer Row, Birmingham, B3 1JJ

02475 060009 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Acocks Green (0.1 mi)
  • Spring Road (0.7 mi)
  • Tyseley (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Bigwood Auctions, Coventry

45 Summer Row, Birmingham, B3 1JJ

02475 060009 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 54384. 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 Bigwood Auctions, Coventry. 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 Bigwood Auctions, Coventry on 0121 233 5046.


Map data OpenStreetMap contributors.