338 Rotton Park Road, Edgbaston, Birmingham, B16 0JU
4 bedroom residential investment property in Edgbaston
Guide price*
£180,000+
Plus fees
Unsold
Lot information
Residential Investment
Auction details:
Thursday 9th May 2019 @ 10:30AM
Holte Suite, Aston Villa FC, Trinity Rd, Birmingham B6 6HE
A Freehold Mid Terraced Investment Property Current Gross Income: £21,300 pa.
Property Description
A mid terraced property, currently utilised as a four bedroomed investment property, standing back from the road behind a foregarden.Accommodation
Ground Floor: Entrance Hall, Two Letting Rooms, Shared Kitchen, Bathroom and WC.First Floor: Landing, Common Room, Two Letting Rooms, Bathroom and WC.
Outside: Front & Rear Gardens.
The property has the benefit of having a gas fired central heating system and the majority of the windows are UPVC double glazed units.
Energy Performance Rating
D.Tenure
Freehold – Subject to the existing tenancies.Auctioneers Note
At the time of going to print, the Auctioneers were unable to inspect the property internally and therefore the accommodation details should not be relied upon.Viewings
Strictly by appointment with the Auctioneers.Tenancy
| Room | Term | Rental |
|---|---|---|
| 1 | Let on Assured Shorthold Tenancy for a term of 4 months from 13th August 2018. | £400 pcm |
| 2 | Let on Assured Shorthold Tenancy for a term of 6 months from 27th December 2018. | £550 pcm |
| 4 | Let on Assured Shorthold Tenancy for a term of 6 months from 1st November 2018. | £425 pcm |
| 5 | Let on Assured Shorthold Tenancy for a term of 6 months from 1st January 2019. | £400 pcm |
| Current Total Income: | £1,775 pcm £21,300 pa |
|
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
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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.
