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1 bed flat
Oval Rd- 14% Net Yield, Birmingham B24
£79,950
Oval Rd- 14% Net Yield, Birmingham B24
£79,950
Our Summary
- A solid, long-term asset with share of freehold and 999 year leasehold offering capital growth potential alongside rental returns
- The opa is pleased to present this hands-off investment opportunity, offering an impressive net rental income of £11,200 per annum (£933
- Tenure & investment opportunity
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
- Virtual Freehold (999-Year Lease) with Share of Freehold – A Prime Investment Opportunity
Description
This is a hands-off investment opportunity in Birmingham, offering a net rental income of £11,200 per annum and a remarkable 14% net rental yield. The property is a spacious studio on a virtual freehold basis in a freehold detached block of flats, fully tenanted under a 7-year lease to a reputable accommodation provider company. The tenant covers all operating costs, including rent, utility bills, council tax, and general repairs and maintenance, resulting in minimal involvement from the landlord. With a strong and consistent income stream, this is an ideal investment for those seeking a hassle-free and high-yielding property. The location is highly attractive, with excellent transport links and connectivity to Birmingham city centre, as well as a range of amenities and services in the local area. The property is sold with a new 999-year lease and a share of freehold, offering potential for capital growth alongside rental returns.