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90 Reservoir Road, Selly Oak, Birmingham, B29 6TF

Lot no: 72 Withdrawn
 

Guide Price £140,000 - £145,000 plus fees


Thursday 4th May 2017

11.00am
Key Features
  • A Freehold Residential Investment Property with Potential for development, subject to obtaining the necessary Planning Consents
  • EPC Rating: C
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Withdrawn

Detached house

Property Description:

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

Ground Floor

Hall, Two Kitchen, Lounge, Bedroom, Bathroom.

First Floor

Landing, Four Bedrooms, Bathroom.

Outside

Gardens.

The property benefits from having a gas fired central heating system, partial double glazing and smoke alarm.

Tenure

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

Tenancy Details

The property is let to a group of 5 students, at a rental figure of £55 per week per person i.e. £14,300 per annum.
We are informed that a new tenancy from September 2017 to September 2018 at the same rental figure as the previous year 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.