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256-257 Grove Lane, Handsworth, Birmingham, B20 2HA

Lot no: 68 Unsold
 

Guide Price £675,000 plus fees


Thursday 23rd February 2017

11.00am
Key Features
  • A FREEHOLD HOSTEL INVESTMENT PROPERTY
  • EPC Rating: G
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Commercial Property

Property Description:

A pair of semi detached houses converted into a fifteen bedroom hostel over three floors. Set back from the road behind a foregarden with driveway and parking.

Ground Floor

Entrance Hall, Office, Staff Toilet, Three Kitchens, Boiler Room, Two Stores, Dining Area, Shower Room and Five Bedsitting Rooms.

First Floor

Landing, WC, Shower Room, separate WC, Bathroom, Shower and Six Bedsitting Rooms.

Second Floor

Landing, Bathroom, Store and Four Bedsitting Rooms.

Tenure

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

Tenancy Details

All of the Bedsitting Rooms are let on a Licence at £149.25 per week, per room giving an estimated full rental value of £2,238.75 per week - £116,415 per annum.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Freehold. Subject to tenancy.