Flat 12 Matthew Court, 369 Hagley Road, Edgbaston, Birmingham, West Midlands, B17 8DL

Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A

Key Features: • Leasehold Flat Investment (957 years unexpired)

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

Full Description: Guide Price = £55,000 - £60,000

Property for auction on 19th February at 13:00 at Property Description: A second floor studio flat set within a purpose built three storey development with a pitched tile roof. The property is in a well-presented condition throughout benefiting from an electric heater. Matthew Court is conveniently location on Hagley Road (A456), approximately 0.5 miles from Bearwood Road Shopping District, 1.9 miles from Five Ways Train Station and 2.8 miles from Birmingham City Centre.

Tenancy Information The property is let on a Statutory Periodic (rolling) Tenancy Agreement paying a rental income of £600pcm (£7,200 per annum). The existing tenant has been in occupation of the property since 31st March 2012.

Accommodation: Ground Floor: Secure Communal Entrance Hall.

Second Floor Open plan Living Room/Bedroom; 5.6m x 2.8m and Kitchen Area: 2.2m x 1.71m, Utility Area with wash basin and Bathroom with WC: 1.81m x 1.59m.

Outside: Surrounding gardens and residents communal parking with barrier protection.

Lease Information Term: 999 years from 25th March 1983 (Circa. 957 years unexpired). Ground Rent: One Peppercorn. Service Charge: The development is managed by Cottons. The service charges from 1st July 2024 to 30th June 2025 are £900 per annum with a 10% discount if paid within 14 days of being due (effectively £810 per annum).

Share of Freehold Owners of the flat will become a director and own a share of Matthew Court (Edgbaston) Limited with own the freehold for the development.

Development Improvements A section 20 notice has been issued to all owners that a £21,000 investment shall be made to the development with the installation of secure boundary fencing approximately 6 ft in height with a secure coded pedestrian gate and secure coded electric vehicular gate.

The works are due to commence around January to February 2025. Service changes shall not be impacted due sufficient funds in a healthy sinking fund. Please refer to the legal pack for further information.

EPC Rating C Council Tax A

Legal Documents Available via Viewings Via Cottons -BrochuresLegal Documents