Two-bed apartment in heart of Birmingham city centre in auction for £140,000

A smart, two-bedroomed apartment in Birmingham city centre that brings in £12,000 a year rent is coming up for sale in our next auction.

Apartment 114 on the first floor of 2 Masshouse Plaza is on a long leasehold and will have a guide price* of £140,000+ in the livestreamed auction on Thursday 14 December.

James Rossiter, our Senior Auction Valuer, explained that the property also has the benefit of a secure underground parking space.

Mr Rossiter said: “This residential investment property is a two-bedroomed apartment located in the prestigious Masshouse complex.

“This is a short walk from the Bullring shopping centre, Birmingham City University, Birmingham Moor Street railway station as well as the future HS2 rail station.

“There is a communal entrance on the ground floor of 2 Masshouse Plaza with stairs and a lift to all floors, and a communal landing on the first floor.

“Apartment 114 then opens into a hall with storage cupboard, an open plan reception room and kitchen, two double bedrooms, and a bathroom with shower.

“The property benefits from double glazing and electric heating, and outside are communal grounds outside and a single, secure and allocated parking space.”

The sale is leasehold with approximately 137 years remaining and is subject to the existing assured shorthold tenancy.

The apartment has ground rent payable at £267 a year, and an annual service charge of £1,858.70.

The apartment is just one of 156 lots that are appearing in our next auction, which will start at 9am on Thursday 14 December.

If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.

* Each property is subject to a reserve price which may be different from the guide price.  Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.