• Unbroken freehold residential investment

• 48 units and 17 car parking spaces

• Currently let producing £406,968 per annum

• EPC Ratings: 27 x B, 18 x C, 3 x D

• Council Tax Bands: 7 x A, 31 x B, 9 x C, 1 x D

Property Description

A freehold unbroken residential investment containing 48 units and 17 car parking spaces producing £406,968 per annum.

The property comprises 48 apartments arranged over ground to third floors. In total there are 7 x one bedroom, 40 x two bedroom and 1 x 3 bedroom. A lift is available to all floors. Externally there are 17 car parking spaces. The apartments are producing £398,568p.a. The car parking spaces are producing £8,400 p.a. with three spaces vacant. The total rents reserved is therefore £406,968 p.a.

Please note that the Post Office has been sold off on a 999 year lease at a peppercorn rent.

Location The property is located in the town centre of Redditch just to the east of the Kingfisher Shopping Centre. The immediate surrounding area is a mix of retail and education including a range of restaurants and cafes. Redditch Train Station is 0.3 miles to the west and provides services to Birmingham New Street in approximately 40 minutes with junction 2 of the M42 approximately 5 miles to the north.Note The buyers fee on this lot is £2,400 inc VATTenure: FreeholdEPC Rating: 27 x B, 18 x C, 3 x D

Location

The property is located in the town centre of Redditch just to the east of the Kingfisher Shopping Centre. The immediate surrounding area is a mix of retail and education including a range of restaurants and cafes. Redditch Train Station is 0.3 miles to the west and provides services to Birmingham New Street in approximately 40 minutes with junction 2 of the M42 approximately 5 miles to the north.

Occupancy

Tenanted

EPC Rating

27 x B, 18 x C, 3 x D

Buyers fee

The buyers fee is £2,400 including VAT. This is only payable by the successful purchaser. There are no costs to bidding for the property.

Auction Details The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to the Common Auction Conditions and Extra General Conditions. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack. Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.