125/127 Oxford Road, Acocks Green, Birmingham, B27 6DR

9 self contained flats in Acocks Green

Guide price*

£550,000+

Plus fees

Sold for £601,000

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Lot 100 Residential Investment
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Auction details:

Thursday 14th September 2023 @ 09:00AM

A Substantial Freehold Residential Investment Property Converted Into 9 Self Contained Flats Current Gross Income £62,840.76 PA

Property Description

A pair of three story semi detached properties which have been converted into 9 self contained units standing in communal grounds.

Accommodation

125 Oxford Road
Front Flat: Vestibule, Hall, Reception Room, Kitchen, Bedroom, Shower Room/WC.
125a Oxford Road
Ground Floor: Side Entrance to a communal hallway with cellar access and communal laundry facility
Flat 3: Reception Room, Kitchen, Bedroom, Shower Room/WC.
First Floor:
Flat 1: Hall with Store, Reception Room, Kitchen, Bedroom, Shower Room/WC.
Flat 4: Bedsitting Room/Kitchen, Shower Room/WC.
Second Floor: Flat 2: Hall, Reception Room/Kitchen, Bedroom, Shower Room/WC.
127 Oxford Road
Front Flat: Vestibule, Hall, Reception Room/Kitchen, Bedroom, Shower Room/WC.
127a Oxford Road
Ground Floor: Access from the side with communal entrance, Hallway with Cellar Access and Communal Laundry Facilities.
Flat 1: Dining Area, Reception Room/Kitchen with Spiral Staircase leading to first floor Bedroom, Shower Room/WC.
First Floor:
Flat 2: Hall with Store, Reception Room/Kitchen, Bedroom, Shower Room/WC.
Second Floor:
Flat 3: Hall, Reception Room/Kitchen, Bedroom, Shower Room/WC.
Outside: Communal Grounds and Parking.
Each property is double glazed and has gas central heating via communal boilers situated in the cellar of each property. There are mains smoke alarms and the emergency lighting.

Energy Performance Rating

See legal pack.

Council Tax Band

A

Tenure

Freehold – Subject to the existing tenancies.

Auctioneer's Note

1. Each unit is let either part or fully furnished and these furnishings will be included within the sale price.
2. Completion will be 56 days from exchange of contracts or earlier by mutual agreement.
3. Please note offers may be considered prior to the Auction Sale.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details. This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only.

Viewings

Strictly by appointment with the Auctioneers.

Tenancy Details

Blank Blank
Front Flat 125 Let on an assured shorthold tenancy at a rental figure of £668.33pcm
Flat 1 (125a) Let on an assured shorthold tenancy at a rental figure of £588.50pcm
Flat 2 (125a) Let on an assured shorthold tenancy at a rental figure of £513.60pcm
Flat 3 (125a Let on an assured shorthold tenancy at a rental figure of £567.10pcm
Flat 4 (125a) Let on an assured shorthold tenancy at a rental figure of £481.00pcm
Front Flat 127 Let on an assured shorthold tenancy at a rental figure of £593.85pcm
Flat 1 (127a) Let on an assured shorthold tenancy at a rental figure of £642.00pcm
Flat 2 (127a) Let on an assured shorthold tenancy at a rental figure of £599.20pcm
Flat 3 (127a) Let on an assured shorthold tenancy at a rental figure of £583.15pcm
Total Calendar Monthly Rent £5,236.73
Total Gross Annual Rent £62,840.76 which includes background heating and water rates.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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