Studio apartment for sale

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Studio apartment for sale

Unit 130 Bridge House Hotel, Sherbourne Road, Acocks Green, Birmingham, West Midlands, B27
£1,000

Price History

Initial price £25,000
02/08/24 £10,000
26/09/24 £5,000
08/11/24 £1,000
Price Change -96.00%

Description

This is a unique investment opportunity to purchase a hotel room in Bridge House Hotel, which generates a yearly net income of £2,000. The property is a share of freehold, with a 999-year lease from June 1, 2013, to May 31, 3012. The buyer will need to pay a 10% deposit (minimum £5,000) and a buyer's administration fee of £1,500 upon the fall of the hammer, with contracts exchanging immediately. The property is being sold with a 28-day completion period, and a full legal pack is available on the Benjamin Stevens Auctions website.