Terraced
4
A mid-terraced two storey property understood to date from 1938 and Grade II listed as being of architectural and historic interest. The property is approached by pedestrian footpath from the Birmingham Road.
Residential Investment
A Freehold Residential Investment Property
Current Gross Income: £19,200 pa.
The property is divided into four bedsitting rooms, each with kitchen, WC and shower facilities. Each is let at £400 per calendar month. The landlord pays the council tax, water rates, insurance premium and for part of the electricity, the total of such currently being in the region of £3,145 per annum, giving a net income of £16,055 per annum. Three of the four rents are understood to have been at the same level for some time, and could therefore be increased.
We understand that the property is Freehold and is being sold subject to the existing tenancies.
Strictly by arrangement with the Auctioneer's Stratford Office, please contact Graham Carter on 01789 294444.
