10 bed block of flats for sale

Central Chambers, Bearwood Road, Smethwick, West Midlands B66

Guide Price = £620,000 - £660,000

Property for auction on 22nd April at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Property Description:
A freehold residential investment opportunity comprising a three storey property having been formally converted to provide 6 well planned self-contained flats and residents car parking. ( 3x 1 Bedroom, 2x 2 Bedroom and 1x 3 Bedroom Duplex Flat).
The apartments provide well laid out accommodation with each flat being separately metered and benefitting from UPVC double glazed windows and gas fired central heating and has provided a reliable investment as demand for rented accommodation within the area has remained strong.
The property is located on the junction of Bearwood Road and Reginald Road at the Northern Section of Bearwood Road (A4030) which forms part of the busy Bearwood Shopping Centre surrounded by a densely populated residential catchment

Tenancy Information :
All apartments are let on Assured Shorthold Tenancies and upon expiry continuing on Statutory Periodic Tenancies.
Schedule of Tenancies
All flats are let on Assured Shorthold Tenancies:
Flat 1 £750 pcm (£9,000 per annum)
Flat 2 £650 pcm (£7,800 per annum)
Flat 3 £750 pcm (£9,000 per annum)
Flat 4 £800 pcm (£9,600 per annum)
Flat 5 £725 pcm (£8,700 per annum)
Flat 6 £935 pcm (£11,220 per annum)
Total Rental: £4,610 pcm (£55,320 per annum)

Accommodation:
Ground Floor
Flat 1 Entrance Hallway, Lounge (3.72 x 4.38m), Bedroom (3.75 X 4.31m, Kitchen (3.25 x 3.70m) and Bathroom (2.55 x 1.84m).

Flat 2 Entrance Hallway, Lounge (4.57 x 3.55m), Bedroom (3.95 x 2.34m), Kitchen (3.70 x 2.34m) and Bathroom (1.65 x 1.34m).
Flat 3 Having Private Entrance, Entrance Hallway, Lounge (3.68 x 2.98m), Kitchen (3.93 x 2.11m) Bedroom 1 (3.97 x 2.28m), Bedroom 2 (3.83 x 2.10m) and Bathroom (1.47 x 2.91).
First Floor
Flat 4 Entrance Hallway, Lounge/Kitchen (5.48 x 3.75m), Bedroom 1 (4.04 x 2.36m), Bedroom 2 (3.74 x 2.39m), and Bathroom (1.84 x 1.43m).
Flat 5 Entrance Hallway, Lounge (4.96 x 3.76m), Bedroom (3.65 x 2.35m), Kitchen (3.74 x 3.88m) and Bathroom (2.61 x 1.38m).
Flat 6 Having Entrance Hallway, Lounge (4.39 x 3.74m), Kitchen (4.90 x 3.72m) and Shower room (1.26 x 2.46m), Stairs
Second Floor
Bedroom 1 (4.81 x 4.38m), Bedroom 2 (4.19 x 3.60m), Bedroom 3 (3.60 x 3.87m)and Bathroom (1.58 x 2.87m).

Outside
Communal parking area accessed off Reginald Road

Council Tax Band All Flats Band A
EPC Rating Flat 1,2: Flats 3,4,5,6: C

Legal Documents Available at
Viewings Please Refer to the video tour and internal photos.