An apartment in Birmingham is going under the hammer with a guide price of just £29,000 – but it offers an annual income of £9,000.
The one-bedroomed property at West Point, a tower block in Edgbaston, will appear in the livestreamed Bond Wolfe auction on March 26.
Craig Upton, marketing director at Bond Wolfe, says: “What we have here is a leasehold flat in a smart area that is rented out for £750 per month on a 99-year lease until 2059.
“This residential investment property has a really attractive guide price which offers a real potential for someone to pick up a bargain.
“There is a communal entrance to this purpose-built block on the ground floor, with a lift and staircase to a communal landing on the fifth floor.
“Inside … is a reception room, balcony, fitted kitchen, bedroom and bathroom, with electric heating throughout, plus communal grounds and parking outside.”
For more details and to register to bid visit https://www.bondwolfe.com/auctions/properties/, email auctions@bondwolfe.com or call 0121 312 1212 or 01902 928 510.
This article is taken from Landlord Today