Property for sale
Key information
Features and description
- Tenure: Freehold
- Mostly Tenanted (15 of 19)
- 17 Flats and 2 Bedsits Overall
- Ideal Long Term Investment
- Three Detached Residencies
- Double Glazed Windows Throughtout
- Three Storey Buildings
- Mixed Electric and Gas Heating
- Off Road Parking on Driveway
- Communal Rear Gardens
We are pleased to introduce for auction three detached residencies converted into 17 flats and 2 bedsits.
A great opportunity for serious investors to purchase three detached residencies in a leafy and popular suburb of North-West Birmingham has now become a reality!!
Comprising of 17 flats/studios and 2 bedsits, these imposing properties certainly have kerb-appeal and owning such would certainly be fulfilling a lifelong ambition for someone.
For those of you who enjoy architectural features, these three properties have expansive and welcoming hallways, high ceilings with original features and sweeping staircases to first and second floors.
All three properties have expansive frontages which have been converted into off-road parking for several cars outside each individual residence and have mature communal and tranquil gardens to the rear.
Starting Bids of £2,250,000 for this once in a lifetime opportunity for serious investors!
Please Note:
All area sizes are taken from the independently commissioned Energy Performance Certificates. Individual rooms (not communal areas) have been measured and are available on request and all internal photographs are of only vacant units respecting the privacy of the current occupying tenants.
Please note we have not inspected this property.
Rooms
Location
Handsworth Wood Road is a residential street in the Handsworth district of Birmingham, England. It offers easy access to local amenities, including shops, schools, and parks, making it an appealing choice for families. The area is well-connected by public transport, providing convenient links to Birmingham city centre and surrounding neighbourhoods.
Accommodation: 41
Comprises of:- 4 x 1 bedroom flats/1 x studio flat
Ground Floor (flat 1): Size: 30m2
1 bedroom flat
Taken deposit for rent of £675.
Ground Floor (flat 2): Size: 38m2
Studio flat
Rent: £500.00
First Floor (flat 3): Size: 34m2
1 bedroom flat
Rent: £750.00
First Floor (flat 4): Size: 37m2
1 bedroom flat
Rent: £700.00
Attic Flat (flat 5): Size: 41m2
1 bedroom flat
Rent: £775.00
Total Approximate Size: 180m2 or 590ft2
Current Rent Received: £3,400.00 p.c.m. or £40,800 p.a. (occupied units only)
Accommodation: 43
Comprises of:- 3 x 1 bedroom flats/2 x studio flats/1 x 2 bedroom flat
Ground Floor (flat 1): Size: 40m2
Studio flat
Rent: £650.00
Ground Floor (flat 2): Size: 36m2
1 bedroom flat
Rent: £700.00
First Floor (flat 3): Size: 20m2
Studio flat
Rent: £650.00
First Floor (flat 4): Size: 39m2
1 bedroom flat
Rent deposit taken for £850.
First Floor (flat 5): Size: 44m2
1 bedroom flat
Rent: Vacant
Attic Flat (flat 6): Size: 41m2
2 bedroom flat
Rent: £750.00
Total Approximate Size: 220m2 or 722ft2
Current Rent Received: £3,600.00 p.c.m. or £43,200 p.a. (occupied units only)
Accommodation: 45
Comprises of:- 6 x 1 bedroom flats/2 x bedsits
Ground Floor (flat 1): Size: 33m2
1 bedroom flat.
£675
Ground Floor (flat 2): Size: 36m2
1 bedroom flat.
£750
Ground Floor (flat 3): Size: 26m2
1 bedroom flat.
£675
First Floor (flat 4): Size: 30m2
1 bedroom flat (mezzanine).
£575
Attic Flat (flat 5): Size: 59m2
1 bedroom flat.
£750.
First Floor (flat 6): Size: 32m2
1 bedroom flat
Rent: Vacant
First Floor (room 7): Size: 22m2
Bedsit
Rent: £500.00
First Floor (room 8): Size: 16m2
Bedsit
Rent: Vacant
Shower room
Current Rent Received: £3,925.00 pcm or £47,100 p.a. (occupied units only)
Total Rents Received: £10,925.00 pcm or £131,100 p.a. (occupied units only)
Tenure
3x freehold titles. Title numbers WK168004, WM474832 & WM545890.
Council Tax
All flats band A.
EPC
All available upon request.
Flat 1, 41: Rating E
Flat 2, 41: Rating D
Flat 3, 41: Rating D
Flat 4, 41: Rating D
Flat 5, 41: Rating D
Flat 1, 43: Rating D
Flat 2, 43: Rating E
Flat 3, 43: Rating E
Flat 4, 43: Rating D
Flat 5, 43: Rating D
Flat 6, 43: Rating E
Flat 1, 45: Rating D
Flat 2, 45: Rating E
Flat 3, 45: Rating E
Flat 4, 45: Rating E
Flat 5, 45: Rating E
Flat 6, 45: Rating D
Flat 7, 45: Rating E
Flat 8, 45: Rating D
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.