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2 bedroom maisonette for sale
287 Gravelly Lane, Erdington, Birmingham, B23 5SR
£65,000
287 Gravelly Lane, Erdington, Birmingham, B23 5SR
£65,000
Our Summary
- For Sale By Public Auction on 11 December 2024 starting at 08:30 AM - A leasehold residential investment maisonette Current rental income £7,800 PAA two bedroom ground floor maisonette standing back from the road behind a foregarden
- The current rent is below market value and has scope for increasing subject to a rent review
- Service Charge:Auctioneer's NotePlease note offers may be considered prior to the Auction Sale
- Please note offers may be considered prior to the Auction Sale
- Live-streamed AuctionPlease note that the Auction will be livestreamed via our website
- You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction
Description
A leasehold residential investment maisonette is up for public auction on December 11, 2024, starting at 8:30 AM. The property, which stands back from the road behind a foregarden, has a current rental income of £7,800 per annum, which is below market value and has scope for increasing subject to a rent review. The property has two bedrooms, a kitchen, shower room, and reception room on the ground floor, with a garden outside. It benefits from double glazing and has 36 years remaining on its lease. The property is let on an assured shorthold tenancy at £650-£7,800 per annum. Offers may be considered prior to the auction sale, and viewing times are limited to external viewings only. The auction will be livestreamed, and bidders can participate remotely via proxy, telephone, or online.