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Block of apartments 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 Opportunity
Description
This property is a freehold block of five flats in Birmingham, offering a 14% net rental yield. The flats are fully renovated and fully tenanted under a 5-year hands-off lease, providing a guaranteed net rental income of £77,000 per annum. The property is situated in a sought-after area with excellent transport links, and the tenant is responsible for bills, council tax, and most internal repairs and maintenance. The investment highlights include no void periods, no general maintenance, no council tax, and no bills, making it a hassle-free investment opportunity. The property is being sold with a new 5-year lease in place, and the buyer will benefit from the full term of the lease. With a reputable tenant and a strong rental income, this property is an attractive investment opportunity for those looking to generate consistent returns with minimal management involvement.