Guide price
£1,500,000
34 bed block of flats for sale19 Apartments & Communal Areas, Marquis Court, High Street & Cottage Lane, Burntwood, Staffordshire, & WS7
34 beds
19 baths
EPC Rating: C
- Auction
- Feudal
Cottons Auctions
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About this property
Freehold Residential Investment - 19 Apartments & Car Parking - Rental Income £139,508 pa
Guide Price = £1,400,000 - £1,500,000
Property for auction on 21st May at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT
Property Description:
A freehold residential investment opportunity comprising a modern development of two unbroken blocks of apartments of part two storey and part three storey construction containing a total of 19 units with a residents car parking area located at the rear which is accessed from Cottage Lane.
The apartments provide well laid out accommodation benefitting from predominantly double glazed windows and electric heating and have provided a reliable investment and demand for rented accommodation within the area is has remained strong.
The development has frontage to both High Street and Cottage Lane and forms part of a predominantly residential area with some retail and commercial properties interspersed.
The property is located in Chase Town a village in the town of Burntwood in the Lichfield district of Staffordshire approximately 8.5 miles south east of Rugeley, 4.5 miles west of Lichfield and 15.2 miles north of Birmingham and is popular with commuters due to its close proximity to the City of Lichfield together with Trent Valley Railway Station offering regular train services to Birmingham and London.
Tenancy Information & Accommodation
All apartments are let on Assured Shorthold Tenancies and upon expiry continuing on Statutory Periodic Tenancies. All rents were recently reviewed effective from April 2025.
Prospective purchasers should refer to the Schedule of Tenancies and Accommodation for full details of each apartment.
Note: Rents quoted for 54b, 54c, 58a and 58b Cottage Lane include a contribution towards utilities of £80 pcm, £60pcm, £75 pcm and £55 pcm respectively.
Total Current Rental Income £139,508 per annum
Council Tax Band All Apartments are Band A
EPC Rating All Apartments are rated C or D (see schedule on the auctioneers website).
Legal Documents: Available at
Title Numbers: The property is held on 2 Land Registry Titles: SF451088 & SF475100
Completion Date: 56 Days from Exchange of Contracts
Viewings: Via Cottons
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