19 Apartments & Communal Areas, Marquis Court, High Street & Cottage Lane, Burntwood, Staffordshire, WS7 4XZ &, WS7 4XD
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
34
- BATHROOMS
19
- SIZE
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- 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
- Freehold Residential Investment - 19 Apartments & Car Parking - Rental Income £139,508 pa
Description
Property for auction on 21st May at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT
Property Description:
A freehold residential investment opportunity comprising a modern development of two unbroken blocks of apartments of part two storey and part three storey construction containing a total of 19 units with a residents car parking area located at the rear which is accessed from Cottage Lane.
The apartments provide well laid out accommodation benefitting from predominantly double glazed windows and electric heating and have provided a reliable investment and demand for rented accommodation within the area is has remained strong.
The development has frontage to both High Street and Cottage Lane and forms part of a predominantly residential area with some retail and commercial properties interspersed.
The property is located in Chase Town a village in the town of Burntwood in the Lichfield district of Staffordshire approximately 8.5 miles south east of Rugeley, 4.5 miles west of Lichfield and 15.2 miles north of Birmingham and is popular with commuters due to its close proximity to the City of Lichfield together with Trent Valley Railway Station offering regular train services to Birmingham and London.
Tenancy Information & Accommodation
All apartments are let on Assured Shorthold Tenancies and upon expiry continuing on Statutory Periodic Tenancies. All rents were recently reviewed effective from April 2025.
Prospective purchasers should refer to the Schedule of Tenancies and Accommodation for full details of each apartment.
Note: Rents quoted for 54b, 54c, 58a and 58b Cottage Lane include a contribution towards utilities of £80 pcm, £60pcm, £75 pcm and £55 pcm respectively.
Total Current Rental Income £139,508 per annum
Council Tax Band All Apartments are Band A
EPC Rating All Apartments are rated C or D (see schedule on the auctioneers website).
Legal Documents: Available at
Title Numbers: The property is held on 2 Land Registry Titles: SF451088 & SF475100
Completion Date: 56 Days from Exchange of Contracts
Viewings: Via Cottons -
Brochures
General ConditionsViewing TimesImportant NoticesCommon Auction ConditionsBuyers Guide to AuctionLegal Documents- COUNCIL 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
19 Apartments & Communal Areas, Marquis Court, High Street & Cottage Lane, Burntwood, Staffordshire, WS7 4XZ &, WS7 4XD
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Visit our security centre to find out moreDisclaimer - Property reference 292369. 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 Cottons, Auctions. 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 Cottons, Auctions on 0121 387 6518.
*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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