No longer on the market
This property is no longer on the market
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Map2 bedroom house
Under offer
House
2 beds
6,038 sq ft / 561 sq m
Key information
Features and description
- Tenure: Freehold
- Fully let and income producing £66,240 per annum gross
- 9x Two bedroom flats
- 11 minutes to Birmingham New Street from Lea Hall
- Established residential location
- Well presented flats with ensuite to master bedrooms
- A range of national retailers and independent service providers in close proximity
- 9 allocated parking spaces
Description
Built in the early 2000s the property is of traditional construction, arranged over three floors, with brick-facing elevations, concrete flat arches above the double-glazed UPVC cased fenestration, under a tiled pitch roof. Internally, the property consists of 9x two-bedroom apartments, each with an ensuite toilet and stand-up shower to the master bedroom. Apartments benefit from integral storage, kitchen, lounge area, a corridor and two bedrooms.
Externally, the property benefits from one allocated parking space per flat, landscaped grounds with a treelined and metal fence to outline the boundary. Immediately south of the property is Kent's Moat Recreation Ground.
Flats are well presented with fitted kitchens and bathrooms, a mixture of tiled, carpeted and wooden floors.
Location
Birmingham City Centre is located 7.1 miles west of Sherborne Place, Lea Hall Railway station is located 0.4 miles north with a journey time to Birmingham New Street in 11 minutes. The property is well situated directly southwest of the roundabout at Meadway and Garretts Green Lane.
Occupiers in close proximity are McDonalds, ASDA (0.4 miles west), Lidl (0.5 miles east). Surrounding the property are various parks including Sheldon Country Park, Meriden Park and Batchelors Farm Recreation Ground.
Terms
Offers invited for the Freehold and individual head leasehold interests combined.
PRICE - £1,200,000 reflecting a gross yield of 5.5%.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction
Income
The property is 100% let and income-producing £66,240 per annum, by way of Assured Shorthold Tenancy Agreements (ASTs). Estimated rental value suggest the property has scope to command £91,200 per annum, that would show an investor a gross yield of 7.6%.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties much satisfy themselves as to the incidence of this tax in the subject case.
Built in the early 2000s the property is of traditional construction, arranged over three floors, with brick-facing elevations, concrete flat arches above the double-glazed UPVC cased fenestration, under a tiled pitch roof. Internally, the property consists of 9x two-bedroom apartments, each with an ensuite toilet and stand-up shower to the master bedroom. Apartments benefit from integral storage, kitchen, lounge area, a corridor and two bedrooms.
Externally, the property benefits from one allocated parking space per flat, landscaped grounds with a treelined and metal fence to outline the boundary. Immediately south of the property is Kent's Moat Recreation Ground.
Flats are well presented with fitted kitchens and bathrooms, a mixture of tiled, carpeted and wooden floors.
Location
Birmingham City Centre is located 7.1 miles west of Sherborne Place, Lea Hall Railway station is located 0.4 miles north with a journey time to Birmingham New Street in 11 minutes. The property is well situated directly southwest of the roundabout at Meadway and Garretts Green Lane.
Occupiers in close proximity are McDonalds, ASDA (0.4 miles west), Lidl (0.5 miles east). Surrounding the property are various parks including Sheldon Country Park, Meriden Park and Batchelors Farm Recreation Ground.
Terms
Offers invited for the Freehold and individual head leasehold interests combined.
PRICE - £1,200,000 reflecting a gross yield of 5.5%.
Legal Costs
Each party to be responsible for their own legal costs incurred in this transaction
AML
In accordance with Anti-Money Laundering requirements, two forms of identification will be required from the purchaser or tenant and any beneficial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction
Income
The property is 100% let and income-producing £66,240 per annum, by way of Assured Shorthold Tenancy Agreements (ASTs). Estimated rental value suggest the property has scope to command £91,200 per annum, that would show an investor a gross yield of 7.6%.
VAT
Unless otherwise stated terms are strictly exclusive of Value Added Tax and interested parties much satisfy themselves as to the incidence of this tax in the subject case.
Property information from this agent
About this agent
Vail Williams - Birmingham
Edmund House, 12-22 Newhall Street
Birmingham, West Midlands
B3 3EF
0121 721 9032Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.
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