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21 Water Mill Close, Selly Oak, Birmingham, B29 6TS

Lot no: 73 Withdrawn
 

Guide Price £120,000 - £125,000 plus fees


Thursday 4th May 2017

11.00am
Key Features
  • A Freehold Residential Investment Property with Potential for Development to the rear, subject to obtaining any necessary planning consents.
  • EPC Rating: E
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Withdrawn

End of terrace house

Property Description:

A end of terrace property, standing back from the road behind a foregarden, having potential for development to the rear, subject to obtaining any necessary planning consents. The property is situated within a 2 mile radius of Queen Elizabeth Hospital and the University of Birmingham.

Ground Floor

Hall, Lounge, Kitchen, Two Bedrooms, Two Bathrooms.

First floor

Four Bedrooms, Bathroom.

Outside

Gardens.
The property benefits from having a gas fired central heating system and majority of the windows are double glazed units.

Tenure

We understand that the property is Freehold and being sold subject to the existing tenancies.

Tenancy Details

The property is Let on an Assured Shorthold Tenancies to a group of 6 students at a rental figure of £38 per person per week i.e. £11,856 per annum.
We understand that a new tenancy from September 2017 to September 2018 at the same rental has been agreed.

Auctioneers Note

1. Please note that we are advised that the property is Article 4 HMO Compliant. See legal pack for further details.
2. We are advised that there is further development potential by combining the garden area of 90 Reservoir Road and 21 Watermill Close, subject to obtaining any necessary planning consents.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Freehold. Subject to tenancy.