Property

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Property

City Road, Edgbaston, 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

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: This freehold block of 5 flats in Birmingham offers a remarkable 14% net rental yield, with a net rental income of £77,000 per annum and £6,416 per month. The property will be fully renovated and fully tenanted under a 5-year hands-off lease, with the tenant responsible for bills, council tax, and most internal repairs and maintenance. The property is situated in a sought-after area with excellent transport links, and is leased to a reputable housing provider. With no void periods, no general maintenance, no council tax, and no bills, this is an attractive investment opportunity for those looking for a hassle-free and consistent return.