Flat for sale in Birmingham B20, 5 Bedroom

Guide Price = £185,000 - £195,000

Property for auction on 20th February at 11:00 at Property Description:
A Victorian detached property of brick construction, surmounted by a pitched tiled roof, set back from the road behind a driveway. The property is split into five self-contained flats and is need of modernisation throughout.

Planning:
We have been advised by our clients that the property has operated as self-contained flats since they purchased the property in 1983.

The property has potential for further extension and development. This is however subject to planning and prospective buyers are advised to conduct their own investigations.

Tenancies:
Flat 1: Vacant
Flat 2: Vacant
Flat 3: Let on an Assured Shorthold Tenancy, producing a rental of £350 pcm
Flat 4: Let on an Assured Shorthold Tenancy, producing a rental of £300 every four weeks
Flat 5: Let on an Assured Shorthold Tenancy, producing a rental of £330 pcm
Total Income at Present: £12,060 per annum

Accommodation:
Ground Floor Secure Communal Areas.
Flat 1: Hallway, Living Room, Kitchen, Bedroom and Bathroom, having double glazing and gas central heating.
Flat 2: Hallway, Living Room, Kitchen, Bedroom and Bathroom, having double glazing and electric heating.

Void to Rear of Flat 2: Uninspected but advised comprises of Shower Room and Single Room. Space to accommodate Studio Flat or extension of Flat 2 (both subject to appropriate consents).
Two Cellar Rooms.
First Floor
Stairs and Landing, Communal Areas
Flat 3: Studio Flat - Uninspected.
Flat 4: One Bedroom - Uninspected.
Flat 5: Hallway, Living Room, Kitchen, Bedroom and Bathroom, having double glazing and electric heating.

Outside:
Front: Forecourt, providing off-road parking for multiple vehicles.
Rear: Communal Gardens.
Overall Plot Size: 617.73 sq m (circa. 0.15 acres)

Legal Documents:
Available at www.Cottons.

Viewings:
Via Cottons .