House For Sale £200,000
For Sale By Public Auction on 08 February 2024 starting at 08:30 AM - A substantial Freehold detached residential development with further detached accommodation to the rear, set on 0.22 acre
Current Gross Income: £21,600 pa.
ON BEHALF OF THE JOINT FIXED CHARGE RECEIVERS
The property comprises a recently converted detached dwelling now offering a 4 bedroom HMO with an additional two separately accessed one bedroom flats. Flat 1 is by way of an extension to the side of the main dwelling , whilst Flat 2 is a separate detached dwelling within the grounds to the rear of the property. The majority of the development works to the main dwelling have been completed with further finishings required to the kitchen.
Accommodation
Main Dwelling: Entrance Hallway, Three Communal Living Rooms, House Bathroom, utility Room, Kitchen & Dining Room, Four Letting Rooms, Three En-Suite Bathrooms.
Flat 1: Bedroom with En-Suite, Lounge.
Flat 2: Bedroom, Lounge, Bathroom, Kitchen.
Outside: Front Driveway, Rear Garden.
Location
The property occupies a substantial plot on the popular Shirley Road, close to its junction with Dolphin Lane in the Birmingham suburb of Acocks Green. The property is located close to all local amenities with a number of schools within a 0.5 mile radius.
Energy Performance Rating
D.
Tenure
Freehold Subject to the existing tenancy.
Auctioneer's Note
We are advised that some building regulations are awaiting sign off. Furthermore, we have not had confirmation or site of planning permission for the conversion of the main dwelling or the garden flat.
Viewing Times
Strictly by appointment with the Auctioneers.
Tenancy Details
We are advised that the properties are let for a term of 3 years from 3rd July 2023 at a passing rent of £21,600 per annum. Further details are available within the legal pack.
Live-streamed Auction
Please 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.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.
Current Gross Income: £21,600 pa.
ON BEHALF OF THE JOINT FIXED CHARGE RECEIVERS
The property comprises a recently converted detached dwelling now offering a 4 bedroom HMO with an additional two separately accessed one bedroom flats. Flat 1 is by way of an extension to the side of the main dwelling , whilst Flat 2 is a separate detached dwelling within the grounds to the rear of the property. The majority of the development works to the main dwelling have been completed with further finishings required to the kitchen.
Accommodation
Main Dwelling: Entrance Hallway, Three Communal Living Rooms, House Bathroom, utility Room, Kitchen & Dining Room, Four Letting Rooms, Three En-Suite Bathrooms.
Flat 1: Bedroom with En-Suite, Lounge.
Flat 2: Bedroom, Lounge, Bathroom, Kitchen.
Outside: Front Driveway, Rear Garden.
Location
The property occupies a substantial plot on the popular Shirley Road, close to its junction with Dolphin Lane in the Birmingham suburb of Acocks Green. The property is located close to all local amenities with a number of schools within a 0.5 mile radius.
Energy Performance Rating
D.
Tenure
Freehold Subject to the existing tenancy.
Auctioneer's Note
We are advised that some building regulations are awaiting sign off. Furthermore, we have not had confirmation or site of planning permission for the conversion of the main dwelling or the garden flat.
Viewing Times
Strictly by appointment with the Auctioneers.
Tenancy Details
We are advised that the properties are let for a term of 3 years from 3rd July 2023 at a passing rent of £21,600 per annum. Further details are available within the legal pack.
Live-streamed Auction
Please 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.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information or on the Bond Wolfe’s website.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneer's expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe’s website.
