City-centre rental with long lease and private garden, sold with sitting tenant.
Guide price £79,000, offered at public auction
A three-bedroom ground-floor duplex in central Birmingham offered with an existing periodic tenancy and long lease (approx. 944 years unexpired). The property sits close to the Bull Ring and mainline stations, making it a straightforward city-centre rental asset with a private rear garden and communal grounds.
Current income is £6,900 per annum against a guide price of £79,000, producing an approximate gross yield of 8.7% before costs. The apartment benefits from gas central heating, double glazing and an EPC rating of D, but is sold subject to the existing tenancy and will be offered at public auction.
Notable practical considerations: the area is classed as very deprived with high local crime levels, external viewings only are allowed, and the sale carries an auction administration fee of £2,340 plus any costs detailed in the legal pack. Buyers should review the legal pack and tenancy terms closely prior to bidding.
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