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A Student Accommodation Unit Subject to a Tenancy Producing £6,660 Per Annum
The property comprises a student accommodation unit situated within a purpose built block arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 1st July 2015 (thus approximately 116 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Adderley Park are within easy reach. Transport links are provided by Adderley Park rail station.
Accommodation
Bedroom Communal Reception Room Communal Kitchen Communal Bathroom
Tenancy
The property is subject to a Tenancy at a rent of £555 per calendar month.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.