Apartment in prime Birmingham spot with starting price of £9,000 in Bond Wolfe auction

Would-be purchasers with sharp eyes are expected to make competitive bids for the two-bedroomed apartment due to the fact that it currently generates rent of £9,600 a year.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “This is a very interesting property that is has so many things going for it. 

“Not only is the Metro tram terminus opposite, but the apartment is also smack-bang in the middle of one of Birmingham’s busiest business districts, with the Greater Birmingham Chamber of Commerce offices also just opposite. 

“There are obviously direct tram links and bus routes into Birmingham city centre, and Five Ways train station is just around the corner on Islington Row Middleway. 

“The location is also just a short walk away from some popular pubs and restaurants, with The Physician and The High Field just two examples, plus the Botanical Gardens are also close by.”

Apartment 1909 shares a communal entrance on the ground floor of Metropolitan House, a purpose-built block with stairs and a lift to all floors. 

The residential investment property has a hall with a storage area, a reception room, kitchen, bedroom and bathroom, and it benefits from electric heating and double glazing. 

The sale is leasehold on a term with nearly 99 years remaining until December 2125, and will be subject to the existing tenancy, which brings in £800 rent a month. 

The Birmingham property is just one of scores of lots that are due to appear in Bond Wolfe’s next auction, which starts at 8.30am on Thursday 10 September. 

The auction will be livestreamed via Bond Wolfe’s website with remote bidding by proxy, telephone or internet.  

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.