1 The Avenue, Acocks Green, Birmingham, West Midlands, B27 6NG
- Conditional Online Auction Sale
- Guide Price* : £650,000
- Bedrooms: 6
- Bathrooms: 6
- Reception Rooms: 6
MODERN AUCTION PROPERTY - T&c'S and Buyers Fees Apply. Drakes and Brookvale are delighted to present this excellent investment opportunity to acquire a block of 6 self-contained one-bedroom apartments
Description
An excellent investment opportunity to acquire a block of 6 self-contained one-bedroom apartments, offering strong existing income with further value-add potential. The property benefits from a mix of refurbished and upgradeable units, providing immediate cash flow alongside scope for rental growth or serviced accommodation conversion (subject to consents).
The building presents a mix of recently refurbished and value-add units, providing immediate income alongside significant scope for rental growth and repositioning.Situated in a strong rental location with consistent tenant demand, the property benefits from proximity to local amenities, transport links, and employment hubs, making it attractive for both long-term tenants and short-term stays.
Auctioneer Comments
Offered via the Modern Method of Auction through Brookvale Auctions.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions 0121 8204113 / Auction@brookvale.uk
Completion required within 56 days of reservation form being completed. (subject to mortgage, affordability and survey).
A non-refundable 4% + VAT Reservation Fee (Or a minimum of £5000 + VAT) is payable in addition to the purchase price and is included in Stamp Duty calculations.
All bidders will be required to complete ID and Anti-Money Laundering (AML) checks via Landmark Compliance or Credas.
Buyers will need to provide proof of funds and carry out their own due diligence, Subject to an undisclosed Reserve Price. Starting Bid and Reserve may change
The Partner Agent or Auctioneer may recommend third-party services.
You are not obliged to use them and should consider alternatives. If you choose a recommended service, the Auctioneer or Partner Agent may receive a referral fee, which will be disclosed to you before you proceed.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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