This property is no longer on the market
10 bedroom block of apartments
Key information
Property description & features
- Tenure: Freehold
- Freehold Residential Investment/Development Opportunity
- 26/10/2022
- Birmingham
Unsold. Contact the auctioneer.
Freehold Residential Investment/Development Opportunity
Property for auction on 26th October at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
apartments with associated parking, access and landscaping (Planning Application No. 2021/01922/PA).
Six of the proposed flats are spacious 2x bedroom apartments each extending to approx. 72.3sq metres (788sq ft).
Two of the proposed flats are 1x bedroom apartments each extending to approx. 36.5sq m (393sq ft).
Tenancy Information
Flat known as Sherwood Rise: Let since 11th August 2018, now on statutory periodic tenancy paying £585pcm (£7,020 per annum).
Flat known as Loxley Rise: Let since 8th August 2020, now on statutory periodic tenancy paying £645pcm (£7,740 per annum).
Flat known as Sherwood Mews: Let since 4th May 2019, now on statutory periodic tenancy paying £595pcm (£7,140 per annum).
Flat known as Loxley Mews: Let since 7th December 2018, now on statutory periodic tenancy paying £605pcm (£7,260 per annum).
Flat known as Sherwood Garrett: Currently Vacant
Flat known as Loxley Garrett: Let since 27th November 2014, now on statutory periodic tenancy paying £450pcm (£5,400 per annum).
Total Current Rental Income: £2,880 per calendar month (£34,560 per annum).
(Total Income when Fully Let: Circa £40,260 per annum)
Existing Accommodation
Please refer to floor plan for layout and measurements (where possible).
Ground Floor
Flat 132 Gravelly Hill (Known as Sherwood Rise)
Accessed via own private front entrance, with lounge/kitchen area, two bedrooms and bathroom.
Flat 134 Gravelly Hill (Known as Loxley Rise)
Accessed via own private front entrance, with lounge/kitchen area, two bedrooms and bathroom.
Communal Entrance Hallways
With stairs and landings.
First Floor
Flat 132 Gravelly Hill (Known As Sherwood Mews)
With lounge, kitchen, inner hallway, two bedrooms and bathroom.
Flat 134 Gravelly Hill (Known as Loxley Mews)
With lounge, kitchen, inner hallway, two bedrooms and bathroom.
Second Floor
Flat 132 Gravelly Hill (Known as Sherwood Garrett)
With lounge/kitchen area, bedroom and bathroom.
Flat 134 Gravelly Hill (known as Loxley Garrett)
With lounge/kitchen area, bedroom and bathroom.
Outside:Front: Landscaped gardens with decorative retaining walls.
Outside:Rear: Landscaped gardens with seating area, bike store and substantial car park area accessed via rear gated entry off rear service road accessed via Compton Road.
Legal Documents:
Available at
Viewings:
Via Cottons -[use Contact Agent Button]
Completion will be 56 days following exchange of contracts or sooner by mutual consent.
Property information from this agent
Places of interest
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