Block of Apartments - Flats / Apartments
John Garth House & Insurance House
Engine Lane, Stourbridge, West Midlands, DY9 7DF
Sold for £550,000
A Residential Investment Opportunity Comprising Two Detached Buildings Arranged as Three Self-Contained Flats Providing 15 En-Suite HMO Rooms. Fully Let Producing a Combined Income of £84,660 Per Annum. Further Development Potential (Subject To Obtaining All Relevant Consents).
Accommodation & Tenancy Schedule
|Property||Floor||Accommodation||Tenancy Details||Current Annual Rent|
|John Garth House - Flat 1||Ground||5 Bedrooms with En-Suites & Shared Kitchen||5 Individual Tenancies||£27,564|
|John Garth House - Flat 2||First||5 Bedrooms with En-Suites & Shared Kitchen||5 Individual Tenancies||£28,164|
|Insurance House - Flat 3||Ground
|4 Bedroom with En-Suites & Shared Kitchen
1 Bedroom with En-Suite
|5 Individual Tenancies||£28,932|
Additional Fees and Disclaimer
Administration charge: £1,200 including VAT unless otherwise stated in the addendum.
Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.
Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.
Enquire about John Garth House & Insurance House, Engine Lane, Stourbridge, West Midlands, DY9 7DF
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