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13 bedroom block of apartments for sale
74-76 High Street, Coleshill, Warwickshire, B46 3AH
£600,000
74-76 High Street, Coleshill, Warwickshire, B46 3AH
£600,000
Our Summary
- Guide Price = £570,000 - £600,000High Yielding Freehold Residential Investment Opportunity - Eleven Flats Property for auction on 10th September at 13:00at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DTFlat 5 - 74/76 High Street - Vacant (previously let £650 pcm)Flat 6 - 74/76 High Street - £445 pmc (£5,340 pa)Flat 7 - 74/76 High Street - £495 pcm (£5,940 pa)Flat 8 - 74/76 High Street - £580 pcm (£6,960 pa)Flat 9 - 74/76 High Street - £600 pcm (£7,200 pa)Flat 10-74/76 High Street - £620 pcm (£7,680 pa)Outside Store - £160 pa (Let on a Licence)Total Rental Income - £72,420 pa (when fully let)Note: The Tenants are responsible for all outgoings and a Schedule of Tenancies and Tenancy Agreements will be available in the legal pack
Description
This property is a high-yielding freehold residential investment opportunity, comprising eleven flats, including a vacant flat that was previously let for £650 per calendar month. The property generates a total rental income of £72,420 per annum, with all tenants responsible for their own outgoings. The property features a mix of studio, one, and two-bedroom flats, with varying layouts and amenities. The ground floor has a communal entrance hall, while the first and second floors have stairs and landings leading to the individual flats. The property also has an outside store and a pathway to a residents' car parking area with five designated spaces. The property is being sold at a guide price of £570,000 to £600,000 and is available for auction on September 10th.