GUIDE PRICE POSTPONED TILL 3RD NOVEMBER

297-299 Rotton Park Road

Birmingham, Edgbaston, West Midlands, B16 0LB

Lot 41

Block of Apartments - Flats / Apartments
Postponed till our next auction on Thursday 3rd November 2022

Prime corner site comprising a pair of 2 storey buildings (former shop and house) with planning consent for conversion to 8 x 1 bedroom flats or 10 x en-suite room HMO, vacant.

Description/Location

Rotton Park Road is situated in Edgbaston providing a wide range of local services and amenities with good access to the City Centre. Birmingham City Council have granted the following planning consents: 24/12/2018 Ref: 2018/08927/PA Conversion and extension to 10 x e/s room HMO across 2 floors. 25/02/2021 Ref: 2020/05694/PA Conversion and extension 8 x 1 bed flats across 3 floors. Works have commenced and the property is in shell condition. We estimate the GDV of the flat scheme at £890,000 - £960,000 (£110,000 - £120,000 per flat). We estimate the ERV of the HMO scheme at £60,000 pa (£500 pm per room).

Local Authority

Birmingham City Council

Office Contact

Network Auctions - 020 7871 0420

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*Guide Price & Reserves

Generally speaking Guide Prices are provided as an indication of each seller’s minimum expectation. 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.

The “Important Notes For Auction Buyers” at the front of the catalogue includes a definition of “Guide Price & Reserve Price”. All properties are subject to a purchaser’s administration fee of £1,500 + VAT unless otherwise stated in the addendum (£420 inc VAT for lots with guide prices up to £3,000). If the purchaser is liable for any further costs these will be stated within the Special Conditions of the legal pack, that have been produced by the seller’s lawyer, a copy of which can be downloaded from our website.