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5 bedroom property for sale
City Rd- 14% Net Yield - 5 x Flats, Birmingham, B16
£550,000
City Rd- 14% Net Yield - 5 x Flats, Birmingham, B16
£550,000
Our Summary
- TENURE & INVESTMENT OPPORTUNITY
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
- Potential Investment Property
Description
This is a rare investment opportunity to purchase a freehold block of five flats in Birmingham, offering a remarkable 14% net rental yield. The property will be fully renovated and fully tenanted under a five-year hands-off lease, generating a net rental income of £77,000 per annum, or £6,416 per month. The flats are situated in a sought-after area with excellent transport links, and the property benefits from a new lease with a reputable housing provider. The tenant is responsible for bills, council tax, and most internal repairs and maintenance, making this a hassle-free investment. The property also has no void periods, no general maintenance, no council tax, no bills, and no management fees, allowing investors to maximize their net income. With Birmingham being one of the fastest-growing cities in the UK, this is an excellent opportunity to invest in a thriving property market.