Flat for sale in Investment - Muntz House, Skipton Road, Ladywood B16

Investment with tenant in situation paying £950PCM. A highly spacious 7th floor apartment with attractive city views. Benefiting from electric heating and double glazing, this buy to let opportunity comprises; secure communal areas, hallway, good size living dining room, sun room with city views, breakfast kitchen, two double bedrooms and bathroom with shower. Also benefiting from option of City Centre Resident Parking Scheme. Tenure: Leasehold with circa. 94 years unexpired. Council Tax Band: A, EPC Rating: C

Location

The property is located in a residential estate off Skipton Road, in turn off Francis Road. The estate is on the perimeter of Birmingham City Centre, conveniently located;
-circa. 0.4 miles from Broad Street Entertainment district.
-circa. 1 mile from Edgbaston Reservoir.
-circa. 1.5 miles from Birmingham New Street Station.

Description

A 7th floor flat located in a purpose built development. The block and surrounding blocks within the estate were part of various improvements as part of the 'Birmingham City Council Housing Improvements Programme 2015/16'. The flat has spacious accommodation, benefiting from uPVC double glazing and electric heaters.

Accommodation

Please refer to floor plan for room measurements.

Flat

Hallway, spacious living room, sun room, breakfast kitchen, two double bedrooms, bathroom with shower and W.C.

Communal Areas

With secure communal entrance, stairs, lift and corridors.

Parking

The development provides the opportunity for residents to apply for and purchase a resident parking permit, which would allow parking on the street within the estate.

Tenancy Information

The property was let in July 2023 on a 12 month assured shorthold tenancy agreement (AST) paying £950pcm (£11,400 per annum). The property is being offered strictly as a buy to let investment with the existing tenants in situation.

Lease Term

125 years from 29th June 1992.

Ground Rent

£10 per annum.

Service Charges

The development is managed by Birmingham City Council. Our client has advised that the service charges for 2023 were £1,748, reflective of some extra repairs to the block, and have historically been in the range of £950 to £1,150 per annum. This information has not been verified and prospective purchasers are advised to make enquiries via solicitors regarding service charge information.