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Property details
Map & nearby

Block of flats for sale in Walsall Road, Birmingham

Investment

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Property features

11 flats, 8 on ast's with 3 vacant
Scope to increase rent by letting out vacant units
Potential to extend flats at the rear

Property description

11 flats available, 8 currently let on ast's with 3 vacant. Current income is £58,097 pa. A purchaser can buy upwards of 2 flats within the block.

Location
The property is located on Walsall Road, in Great Barr, which is situated in North West Birmingham. Locally, the area is predominately residential, with the Scott Arms Shopping Centre providing local amenities. Operators include: Iceland, Card Factory, Betfred, Greggs and more.

Description
There are 11 apartments situated above the shopping centre. Access to the flats is via the rear of the shopping centre. 3 of the 11 flats are vacant.

Price Offers in the region of £990,000 (nine hundred and ninety thousand pounds) for the long leasehold interest.

The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.

VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.

Property info

Brochure

Transport Schools Healthcare Food stores Restaurants/bars Sports/health clubs Parks/recreation

* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Assembly Commercial Real Estate, and do not constitute property particulars. Please contact Assembly Commercial Real Estate for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.