Impressive residential investments in next auction
A collection of enviable residential investments in and around the plush suburb of Solihull are appearing at Bond Wolfe Auctions’ next auction on Wednesday 28 October.
A five-bedroomed property at 160 Wagon Lane, which is currently bringing in rents of £11,400 a year, has a guide price* of £220,000+.
This extended, semi-detached house stands back from the road behind a driveway with front and back gardens, and is well-located close to both Olton railway station and the A45 Coventry Road.
More residential investments include the property 68 Coniston Avenue, another extended, semi-detached house with four bedrooms bringing in annual rental income of £10,200. It has a guide price of £200,000+.
In the same area but much nearer the A45 is a two-bedroomed, semi-detached bungalow at 150 Marcot Road, also rented out for £10,200 a year, and this property has a guide price of £150,000+.
Another residential investment opportunity is a three-bedroomed, semi-detached house just over the border 211 Shirley Road in Acocks Green.
This property, located next to the pleasant Fox Hollies Park, has a current annual rental income of £7,800 and is appearing in the auction with a guide price of £125,000+.
All four of the above lots are freehold properties offered for sale on behalf of a joint receiver and are subject to their existing assured tenancies.
Gurpreet Bassi, chief executive of Bond Wolfe Auctions, said: “These are not only decent properties in popular locations, but they also all bringing in healthy rental incomes that will be attractive to landlords seeking to expand their portfolios.”
Other properties in and around Solihull include a vacant three-bedroomed, semi-detached house at 88 Gracemere Crescent in Haslucks Green, which has a guide price of just £85,000+.
This is an elevated property that stands back from the road with front and back gardens, gas central heating and double glazing on most windows.
Meanwhile, up the road in Hall Green is an unusual detached leasehold property at the rear of an the established apartment complex known as Petersbourne Court, off the Petersfield Road, which has a low guide price of £15,000+.
This vacant, single storey and two-roomed former office has a toilet and comes with a small area of land to the front and side.
It has the potential to be refurbished and developed for a variety of uses, subject to planning permission and other necessary consents.
Mr Bassi added: “These are just a few examples of the wide range of lots that we will be offering at the auction, with many more from around the Midlands and across the UK.
“We really do pride ourselves on the choice of properties on offer which we feel will suit so many different buyers.”
Bond Wolfe Auctions will offer a total of 212 lots at its auction on Wednesday 28 October, livestreamed via the www.bondwolfeauctions.com website with remote bidding by proxy, telephone and internet only.
Anyone interested in the auctions or with properties for sale in future auctions should contact firstname.lastname@example.org or call 0121 312 1212.