9 bedroom detached house for sale

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9 bedroom detached house for sale

City Road, Birmingham B16
£915,000

Our Summary

  • Genie Homes are delighted to offer this large conversion consisting of 6 apartments on the vibrant City Road in Birmingham, this remarkable property presents an impressive investment opportunity for discerning buyers
  • Genie Homes are delighted to bring to market this substantial and well-maintained freehold property, presenting an outstanding investment opportunity in a highly desirable Birmingham location
  • In addition to its current use as an AST investment, the property also offers potential for conversion into serviced accommodation, providing scope for even greater rental yield
  • Investment Opportunity

Description

This impressive freehold property on City Road in Birmingham offers a rare investment opportunity, comprising six fully-occupied apartments with a gross monthly income of £4,540 and a gross annual income of £54,480. The property, managed by Genie Homes, provides a hassle-free ownership experience, with each apartment in good condition and a commitment to quality and comfort. The location is highly desirable, with easy access to local amenities, transport links, and top educational institutions. The property also offers potential for conversion into serviced accommodation, providing scope for even greater rental yield. With a yield of 5.88%, this investment promises both immediate returns and long-term value, making it an attractive prospect for both seasoned investors and those looking to expand their property portfolio.