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The Avalon, 48 Sherbourne Road, Acocks Green, Birmingham, B27 6EA

Sold for for £465,000.
 

Guide Price in excess of £425,000 plus fees


Wednesday 9th November 2016

6.00pm
Key Features
A Substantial Freehold Residential Investment Property<1mm/> Current Gross Income: £45,760 pa. Potential Gross Income: £61,100 pa.
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Sold for for £465,000.

Hotel

Is Preliminary Lot

False

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Auctioneer's Note

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Viewings

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The property benefits from having mains smoke alarms, emergency lighting, central heating and the majority of the windows are UPVC double glazed units.

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The rear car park, as shown on the attached plan could have development potential, subject to planning.

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Viewings via our Joint Agents, Shepherd Commercial - 01564 778890.

Property Description

A substantial detached property, standing back from the road behind a driveway and foregarden, which was once a hotel and has now been converted to a HMO and comprises 12 lettable rooms. The Avalon has full planning for change of use, Application No. 2015/01963/PA, Decision document dated 9th July 2015.

Property Type

Residential Investment

Tag Line

A Substantial Freehold Residential Investment Property
Current Gross Income: £45,760 pa.
Potential Gross Income: £61,100 pa.

Tenure

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

Tenure: