COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 25 March 2020 | Lot 96

John Garth House & Insurance House, Engine Lane, Stourbridge, West Midlands, DY9 7DF

Sold £604,000

  • Block of Apartments
  • 15 Bedrooms
  • Tenure: The lot is held on two freehold titles

Call the team on 020 7625 9007 for more information

Auction Date

Wed 25/03/2020

Auction Time

12:00

Auction Venue

Live Stream Only

Viewing Times:

Tue 10 Mar

12:00-12:30

Fri 13 Mar

12:00-12:30

Tue 17 Mar

12:00-12:30

Thu 19 Mar

12:00-12:30

Mon 23 Mar

12:00-12:30

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).

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.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,200 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.