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York Road, Birmingham B16 12 bed apartment for sale
York Road, Edgbaston, Birmingham, B16 9JB
£1,050,000
York Road, Edgbaston, Birmingham, B16 9JB
£1,050,000
Our Summary
- Full Description FREEHOLD purchase with 12 studio apartments | Investment Opportunity | Fully Tenanted | Current total annual rental income of £94,140 pa | 9% Yield | Fully Managed Turn Key opportunity | Property in very good condition | Driveway and rear communal gardenDavidson Estates are delighted to offer this large conversion consisting of 12 studios
- There is also potential to change the use of the building from AST's to serviced apartments which would increase your yield even further
- This may be subject to planning approval
- Investment Opportunity
Description
Davidson Estates presents a rare opportunity to purchase a freehold building in Edgbaston, Birmingham, consisting of 12 fully occupied and managed studio apartments. The property is in good condition, with each studio and communal areas well-maintained. The building features a driveway for two cars and ample on-street parking, as well as a rear communal garden. Located close to Edgbaston Village, Morrisons superstore, and Harborne High Street, the property benefits from excellent bus links to the city center. The current total annual rental income is £94,140, providing a 9% yield. The property is fully managed, offering a turn-key investment opportunity. Additionally, there is potential to change the use of the building to serviced apartments, subject to planning approval, which could increase the yield even further.