Ref: 18350171

Fantastic investment opportunity to buy a ready made income producing HMO in a highly popular road in Handsworth Birmingham.

The property is set over three floors, with 6 bedrooms and shared kitchen and bathroom facilities, double glazed and centrally heated.

The property is let to Supported Accommodation with a rental income of £24,000 p.a.

Description

The property comprises a spacious mid-terrace three storey building of brick construction. The property is currently being used as a HMO and benefits from having well laid out accommodation including 6 bedrooms, UPVC double glazing (where specified), gas fired central heating, mains integrated smoke/fire alarm protection system and emergency lighting.

There are gardens to the front and rear and the property benefits from street parking.

Location

The property is located in the Birmingham suburb of Handsworth within walking distance of Handsworth Park. Conveniently positioned close to the retail shopping strips on Grove Lane, Rookery Road & Soho Road with easy access to city centre bus routes & motorway networks.

The property is just a short distance away from Birmingham & West Bromwich city centres, both benefiting from a wide range of shops, restaurants, bars, leisure facilities and tourist attractions. Commuter benefits include M5, A41, M6 and the M6 toll Road linking the Midlands Motorway network and there are both local & national bus & train routes available from Handsworth town centre

Price

Guide price of £280,000 for the freehold interest.

Buyers Fee

Buyer's Reservation Fee of 1.8% of The Purchase Price.

Minimum Fee £1500. T&Cs apply.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale

Misrepresentation Act 1967: TheOnlinePropertyAuction for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy