9 bedroom flat for sale

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9 bedroom flat for sale

City Road, Birmingham B16
£925,000

Our Summary

  • Genie Homes are delighted to offer this large conversion consisting of 7 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 property, a large conversion on City Road in Birmingham, offers a remarkable investment opportunity for discerning buyers. The freehold flat comprises seven well-appointed apartments, including five one-bedroom and two two-bedroom units, spanning an impressive 3,929 square feet. With a gross monthly income of £4,135, translating to a substantial gross annual income of £49,620, this property generates immediate rental income, making it an attractive prospect for both seasoned investors. Each apartment is in very good condition, reflecting a commitment to quality and comfort, and the property is fully managed, allowing for a hassle-free ownership experience. The location is equally appealing to both students and professionals, being close to top educational institutions, hospitals, and everyday convenience. With a yield of 5.36%, this property promises both immediate returns and long-term value, making it a rare find in the heart of Birmingham.