Lot 76
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).
Description
The lot comprises two detached part single and part two storey buildings which have been arranged to provide three self-contained flats each made up of five bedrooms with en-suites. The properties were fully converted into residential dwellings in 2018 and were refurbished to a high standard.
Tenure
The lot is held on two freehold titles
Location
The property is situated in a mixed residential & commercial area close to the local shops and amenities of Lye High Street. The Intu Merry Hill Shopping Centre is approximately 2 miles away. Transport links are provided by Lye rail station.
Exterior
The property benefits from 15 parking spaces.
Tenancy
Please refer to the legal pack for a full tenancy schedule.
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 First |
4 Bedroom with En-Suites & Shared Kitchen 1 Bedroom with En-Suite |
5 Individual Tenancies | £28,932 |
Additional Fees
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.
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Viewing by Appointment Only
Please email to book an appointment.
For further information, please register for the legal pack.
For all enquiries, please contact Jamie Weir at jamie.weir@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk
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Enquire about John Garth House & Insurance House, Engine Lane, Stourbridge, West Midlands, DY9 7DF
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