7 bedroom block of apartments for sale
226 Mary Street, Sparkbrook, Birmingham, Birmingham, B12 9RJ
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- SIZE
2,713 sq ft
252 sq m
- 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
- Residential investment
- Block of 5 units
- 4 Flats and a Bungalow
- Potential to improve
- Some refurbishment required
- Relatively large plot, extending to 0.17 acre
- Annual Equivalent income £36,000
Description
As an auction property the details are subject to change. Please check our website for any updates or addendum entries.
Description
The property comprises a tenanted (gross annual rent £36,000) semi-detached property of traditional brick construction under a slate roof, that has been extended and sub-divided into 4 self-contained flats (1 two bedroom and 3 one bedroom units) each with a kitchen, lounge and a bathroom or shower room. Flats 1 and 2 are on the ground floor and Flats 3 and 4 are on the first floor. In addition, there is a bungalow at the rear, that has an entrance hall, kitchen, bathroom, lounge and two bedrooms.
Each unit has its own gas boiler and central heating. Some areas require refurbishment.
The property benefits from a relatively large plot, extending to 0.17 acre, with an area of enclosed hardstanding/parking shared by the tenants.
Location
Location
The property is situated in a residential area within the Balsall Heath area of Birmingham. Mary Street is accessed from Edward Road, which links to Haden Way where there are numerous local shops and amenities. Birmingham city centre is approximately 1.5 miles to the north. Local bus routes are within easy walking distance and there are a number of public parks within 0.25mile.
Accommodation
Flat 1 Hallway, Lounge, Kitchen, Shower Room and Bedroom - 31.89 sq. m / 343 sq. ft
Flat 2 Hallway, Lounge, Kitchen, Bathroom and Bedroom - 44.28 sq. m / 477 sq. ft
Flat 3 Hallway, Lounge, Kitchen, Bathroom, Storeroom and 2 Bedrooms - 60.79 sq. m / 654 sq. ft
Flat 4 Hallway, Lounge, Kitchen, Shower Room and Bedroom - 49.88 sq. m / 536 sq. ft
Flat 5 (Bungalow) Hallway, Lounge, Kitchen and 2 Bedrooms - 64.91 sq. m /698 sq. ft
Total 251.75 sq. m / 2,708 sq, ft
Outside
Externally, the property has a small forecourt to the front and the aforementioned yard/parking at the rear.
Tenure
Freehold.
Tenancies
Flat 1: Originally let on a 12 month AST from 20th August 2021 at a rent of £500 per month and the tenant now has a statutory periodic tenancy. The rent is now £575 per month.
Flat 2: Originally let on a 12 month AST from 2nd October 2019 at a rent of £475 per month and the tenant now has a statutory periodic tenancy. The rent is now £550 per month.
Flat 3: Originally let on a 11 month AST from 1st October 2020 at a rent of £575 per month and the tenant now has a statutory periodic tenancy. The rent is now £650 per month.
Flat 4: Originally let on an 8 month AST from 1st January 2020 at a rent of £475 per month and the tenant now has a statutory periodic tenancy. The rent is now £550 per month.
Flat 5(Bungalow): Originally let on a 6 month AST from 31st October 2021 at a rent of £675 per month and the tenant now has a statutory periodic tenancy. The rent is now £675 per month.
The current total monthly rent is £3,000 equivalent to £36,000 per annum.
Property Size
252.000 Square Metres
EPC
Flat 1: D Expires 8th June 2031 Flat 2: C Expires 21st March 2034 Flat 3: C Expires 27th September 2030 Flat 4: D Expires 3rd December 2029 Flat 5: D Expires 3rd December 2029
Buyer's Administration Fee
There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.
Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
3. The property is being sold under Proceeds of Crime legislation. Please see Legal Pack for further details.
Brochures
Assisted Bidding FormLegal DocumentsOnline Bidding- 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.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
226 Mary Street, Sparkbrook, Birmingham, Birmingham, B12 9RJ
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About Landwood Group, Manchester
Lancaster Buildings, 77 Deansgate, Manchester, M3 2BW
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Visit our security centre to find out moreDisclaimer - Property reference 328325. 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 Landwood Group, Manchester. 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 Landwood Group, Manchester on 0161 524 9187.
*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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