Property Details

1 bedroom flat for sale For Sale

Flat 18, 18 Wheeleys Lane, Edgbaston, Birmingham B15 2DX, B15

£120,000

ROI = 11% BMV = 31.43%

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Description

StrapLineAuction Sale - 28/01/2025 Of interest to investors - A leasehold one bedroom third floor flat subject to a periodic tenancy Description18 Wheeleys Lane is a modern purpose built block. Flat 18 is on the third floor. There is a communal gas fired heating system. LocationWheeleys Lane runs between Bath Row to the north and Wheeleys Road to the south. The block is situated on the corner of the junction with Longleat Avenue Local shops, including Tesco and Morrison are within a short drive. Birmingham city centre is less than two miles to the north.The Mailbox and Bullring & Grand Central shopping centres offer a wide range of retail stores, restaurants and entertainment. Birmingham University is around two miles to the south and Queen Elizabeth Hospital is about three miles to the south west. TransportRail services are available from Birmingham New Street (one mile) and Five Ways (one mile) stations. Multiple bus routes connect to the city centre. Bristol Road (A38) offers easy access into town and Birmingham Ring Road (A4540) is within a five minute drive. Birmingham Airport is around 15 miles to the east providing both domestic and international flights. TenancyThe property is offered subject to a periodic tenancy at a current rent of <span style="color:rgb( 230 , 0 , 0 )">£11,100</span> pa. Next rent review 1 September <span style="color:rgb( 230 , 0 , 0 )">2025</span>. AccommodationWe are informed by the vendor that the property offers one bedroom, one bathroom accommodationGross internal area (GIA) approximately 58 sq m (624 sq ft)

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