459-465 Warwick Road, Tyseley, Birmingham, B11 2JP
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold Investment Opportunity 4 Shops & 8 Flats - Income: £57,420 p.a.
Description
Property for auction on 22nd May at 13:00 at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.
Property Description:
A valuable investment opportunity comprising of an unbroken block of four, three storey traditional built properties of brick construction with pitched tile clad roofs prominently located at the junction of Warwick Road (A41) and Boscombe Road.
The property was converted many years ago into four retail shops and eight separate self-contained flats, all with separate utility meters and two flats are approached directly from Warwick Road with the remainder accessed from the rear off Boscombe Road.
The flats are all well laid out and benefit from mostly UPVC double glazed windows, either gas fired central heating or electric storage heating and have well planned communal access with rear gardens and in addition there are two lock up garages located off Boscombe Road.
The property forms part of a traditional mixed use area containing a variety of traditional houses surrounded by commercial premises and is conveniently located 3 miles to the South-East of Birmingham City Centre and within 1 mile of both Sparkhill and Acocks Green Shopping Centre's.
Tenancy Information
Retail/Offices
459-461 Warwick Road t/a Nationwide Lettings: Let on a 12 months licence since 2006 (currently holding over) at a rental of £485 p.c.m. (£5,820 p.a.).
463 Warwick Road t/a Print Enterprise: Let on a licence since 2010 (currently holding over) at a rental of £375 p.c.m. (£4,500 p.a.).
465 Warwick Road t/a Vision All UK Ltd: Let on a licence for 12 months from 2019 (currently holding over) at a rental of £325 p.c.m. (£3, 900 p.a.).
Residential Flats
All flats are Let on Assured Tenancy Agreements at the following rentals:
Flat 1/459: Rental £495 p.c.m. (£5,940 p.a.)
Flat 2/459: Rental £400 p.c.m. (£4,800 p.a.)
Flat 1/461: Rental £525 p.c.m. (£6,300 p.a.)
Flat 2/461: Rental £495 p.c.m. (£5,940 p.a.)
Flat 1/463: Rental £425 p.c.m. (£5,100 p.a.)
Flat 2/463: Rental £435 p.c.m. (£5,220 p.a.)
Flat 1/465: Rental £350 p.c.m. (£4,200 p.a.)
Flat 2/465: Rental £475 p.c.m. (£5,700 p.a.)
Total Rental Income: £57,420 per annum.
Note: The seller has owned the property for many years and has taken a tenant friendly approach to rent reviews and therefore there may now be significant potential to increase the rental income.
Accommodation:
Ground Floor
459/461: Double Fronted Office, Managers Office, Toilet with WC. 52.41 sq.ms (564 sq.ft)
463: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
465: Front Office, Rear Office, Toilet with WC. 29.3 sq.ms (315 sq.ft)
Flat Accommodation:
Flat 1/459: Ground Floor: Hall, Kitchen, Bathroom, Lounge. First Floor: Large Double Bedroom. 30.14 sq.ms (324 sq.ft).
Flat 2/459: External Stairs to First Floor: Hall, Lounge, Kitchen, Bathroom. Second Floor: Large Double Bedroom. 40.77 sq.ms (438 sq.ft).
Flat 1/461: Ground Floor: Hall, Bathroom, Lounge, Breakfast Kitchen. First Floor: Large Double Bedroom. 48.45 sq.ms (521 sq.ft).
Flat 2/461: Shared Front Entrance, Stairs to First Floor: Lounge, Kitchen, Bathroom, Second Floor: Large Double Bedroom. 50.98 sq.ms (548 sq.ft).
Flat 1/463: Ground Floor: Hall, Breakfast Kitchen, Bathroom, First Floor: Bed/Living Room. 33.12 sq.ms (356 sq.ft).
Flat 2/463: Ground Floor: Shared Front Entrance, First Floor: Lounge, Kitchen, Bathroom, Stairs to Second Floor: Double Bedroom. 44.85 sq.ms (482 sq.ft).
Flat 1/465: Ground Floor, Entrance Hall, Breakfast Kitchen, Bathroom, First Floor, Bed/Living Room. 35.86 sq.ms (386 sq.ft).
Flat 2/465: Hall and Stairs to First Floor, Breakfast Kitchen, Lounge, Second Floor: Double Bedroom, Bathroom. 56.6 sq.ms (610 sq.ft).
Outside:
Forecourt, Two Lock Up Garages located to side.
Rear: Communal access, Bin Stores and Gardens.
Legal Documents:
Available via
Completion: 56 days from exchange of contracts.
EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A
Viewings: Via Cottons
A large quantity of internal/external photos are available on our website.
Brochures
Legal DocumentsEnergy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
459-465 Warwick Road, Tyseley, Birmingham, B11 2JP
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Tyseley Station0.5 miles
- Small Heath Station0.8 miles
- Spring Road Station0.9 miles
About the agent
Cottons, Auctions
Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL
Cottons Chartered Surveyors – ‘The Property Specialists’
One of Birmingham’s longest standing property companies in existence for well in excess of 55 years and well established at providing a range of services including;
•Auctions – Cottons are one of the West Midlands largest property auctioneers with regular sale rooms taking place at Aston Villa Football Club.
•Residential Sales – Selling properties both within our local areas and across Birmingham. By being the only auc
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 243679. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cottons, Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cottons, Auctions on 0121 387 6518.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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