Nine fully let flats on edge of Solihull available for £550,000 in Bond Wolfe auction
A development of nine self-contained flats on the border of the prime residential town of Solihull is appearing in Bond Wolfe’s livestreamed auction next month.
The lot is made up of a pair of three-story, semi-detached houses which have been converted into the nine flats in communal grounds at 125 to 127 Oxford Road, Acocks Green in Birmingham.
The freehold investment property is currently bringing in rent of well over £62,000 per annum and will be going into the auction on Thursday 14 September with an attractive guide price* of £550,000+.
Jonathan Hackett, consultant director of Bond Wolfe, said: “We are expecting competitive bidding for this substantial development of flats in the popular suburb of Acocks Green, nestled up against Solihull.”
The accommodation at 125 Oxford Road starts with the Front Flat which has a vestibule, hall, reception room, kitchen, bedroom and shower room with toilet, rented out for £668.33 per calendar month.
125a Oxford Road has a ground floor side entrance to a communal hallway with cellar access and communal laundry facility.
Other flats include Flat 3, with a reception room, kitchen, bedroom and shower room with toilet, rented out for £567.10 per calendar month.
On the first floor is Flat 1, with a hall and store, reception room, kitchen, bedroom and shower room with toilet, rented out for £588.50 per calendar month.
Flat 4 is on the same floor and is made up of a bedsitting room/kitchen, with a shower room and toilet, rented out for £481.00 per calendar month.
Then on the second floor is Flat 2 with a hall, reception room/kitchen, bedroom and shower room with toilet, rented out for £513.60 per calendar month.
At 127 Oxford Road, the accommodation starts with the Front Flat, which has a vestibule, hall, reception room, kitchen, bedroom and shower room with toilet, rented out for £593.85 per calendar month.
127a Oxford Road is accessed from the side with a communal ground floor entrance, a hallway with cellar access and communal laundry facilities.
Flat 1 has a dining area, a reception room/kitchen with a spiral staircase leading to first floor bedroom, and a shower room with toilet, and this is rented out for £642 per calendar month.
On the first floor is Flat 2 which has a hall with store, reception room/kitchen, bedroom and shower room with toilet, rented out for £599.20 per calendar month.
Then on the second floor is Flat 3 with a hall, a reception room/kitchen, bedroom and shower room with toilet, rented out for £583.15pcm.
Each property is double glazed, with gas central heating via communal boilers in the cellar of each property, and mains smoke alarms with emergency lighting, plus communal grounds and parking spaces outside.
Mr Hackett added: “This is a well-thought out development with each flat let on an assured shorthold tenancy bringing in a total gross annual rent for the whole property of £62,840.76, which includes background heating and water rates.”
The Acocks Green property is just one of 180 lots that are appearing in Bond Wolfe’s next auction, which will start at 9am on Thursday 14 September.
If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email firstname.lastname@example.org or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.
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* Each property is subject to a reserve price which may be different from the guide price. Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.
For further information, please contact:
Suzanne Randell, Operations Director,
Bond Wolfe, 1st Floor, 75/77 Colmore Row, Birmingham B3 2AP
0121 312 1212, SRandell@Bondwolfe.com
Twitter – @BondWolfe
Bond Wolfe, which celebrates 40 years in 2023, has a record breaking and award-winning team with over 500 years of combined property experience. Bond Wolfe is a multi-disciplined property business specialising in property auctions and property Agency. They sell all types of residential, commercial and mixed-use property, investments and land/development sites for private individuals and corporate clients. They will hold seven auctions in 2023, the remaining ones on 14 September, 26 October and 14 December, as well as offering online auctions, selling properties nationally across the UK.