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5 bedroom property for sale

Francis Road, Acocks Green, Birmingham, B27
Under offer
STEP FREE ACCESS
Property
5 beds
5 baths
1,011 sq ft / 94 sq m
EPC rating: D
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1800Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • 20% Net Yield
  • £5833.33 pcm net rent/ £70,000 p.a net rent
  • 5 En-Suites With Tea Stations
  • Securely Leased To Government Funded Supported Exempt Accommodation Provider (Trading Since 2012)
  • Fully Let On 7 Year Hands Off Lease To One Of Birmingham's Leading Accommodation Providers
  • In Accordance With The Lease - No Bills, No Council Tax, No General Maintenance, No Property Management Fees, No Void Periods
  • Full Title Deed Ownership - No Ground Rent, No Service Charge
  • Enjoy Consistent Returns Without Day To Day Management
  • Semi- Detached House
  • Buy Off Plan - Secure Now

DESCRIPTION

The OPA are pleased to present this highly yielding, government funded supported exempt accommodation investment property, which produces an impressive 20% Net Yield. The net rental income amounts to £5833.33 PCM Net Rent / £70,000 P.A Net Rent, and is secured by a 7-year hands off lease. This hands-off investment property features 5 en-suite bedrooms, along with an open plan kitchen and dining area. This passive income hands off investment property comprises of 5 newly renovated and fully furnished en-suite bedrooms with tea stations. The kitchen/dinner can be used as the communal area of the property.

This property is solely designed to match the requirements of the housing provider and meet all the relevant regulatory standards. This will include further health and safety and fire regulations with fully interlinked smoke alarms, fire doors, carbon monoxide detectors and fire tested furnishings. A fully functional kitchen is provided with all white goods and cooking facilities included

LOCATION

The property is located in Acocks Green in Birmingham and is situated on Francis Rd. It is conveniently in close access to hot food takeaways, restaurants, shops, and various amenities, as well as schools and hospitals, with easy access to public transport.

TENURE

The property is freehold and is let on 7 year hands off lease: £5833.33 PCM Net Rent / £70,000 P.A Net Rent. The property will come with a fresh lease, let to a trusted accommodation provider, with in excess of 10 years successful trading and housing thousands Of families, individuals and couples across the UK In Accordance With The Lease the tenant is responsible for all bills, Council Tax, General internal repairs and maintenance, meaning a totally hands off experience for the landlord. There are no property management Fees and no Void Periods. Please request an NDA from OPA for more information on the tenant company details.

VIEWINGS

Please contact OPA for viewings. MATERIAL INFORMATION The OPA have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable and/unknown. Any buyer must carry out their own due diligence and rely on their own searches investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding to entering in to the exclusivity agreement on this property

COUNCIL TAX BAND

Band - B EPC

EPC – D

Material / Construction Standard construction

UTILITIES Mains elec, gas, water, Sewage

HEATING Gas central heating

BROADBAND

Ask agent PARKING On Street Parking

ANY RESTRICTIVE COVENANTS, ANY EASEMENTS, SERVITUDES, WAYLEAVES, ANY PUBLIC RIGHTS OF WAY ACROSS PROPERTY OR BOUNDARIES

Refer to property pack

ANY FLOODING IN LAST 5 YEARS

Not known.

IS THE PROPERTY LISTED?

No

CONFIRM EXISTENCE & NATURE OF ANY KNOWN PLANNING OR PROPOSALS FOR DEVELOPMENT

C3(b)

PROERTY ACCESSIBILITY – ANY STEP FREE ACCESS INC RAMPS/ LIFTS? No

ANY WET ROOM/ LEVEL ACCESS SHOWER No

IS THE PROPERTY KNOWN TO BE ON A COALFIELD/ MINING OR DIRECTLY IMPACTED BY EFFECT OF OTHER MINING ACTIVITY No ANY OTHER MATERIAL INFORMATION – information

THAT MAY AFFECT THE AVERAGE CONSUMER’S DECISION MAKING

Refer to pack.

AGENT NOTES

Draft details, awaiting vendor approval.

BUYERS FEE

Buyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (whichever greater). All fees inclusive of VAT. T&Cs apply. Please request information pack, Buyer’s Guide & FAQs. You will be required to enter into an “Exclusivity Agreement” with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period. Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance. The fee is not subject to a cooling off period and is non refundable save in accordance with the terms stated in the exclusivity agreement. Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice. Cash buyers preferred. This is an investment property and will be sold with the benefit of the social housing lease. Cash purchasers preferred. Anyone looking to purchase with finance must ensure that they can complete on the property and the property is suitable for their lender’s criterial.

We are advised by the seller that the property is leased to a social housing provider under c3(b) use. HMO licence not required. The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement. Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement. (Please note we may be able to negotiate the timeframe, so please discuss with your OPA representative). This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market. By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability. The OPA’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.

IMPORTANT NOTES Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice. The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice prior to entering the exclusivity agreement. Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The OPA.

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale. Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property. Misrepresentation Act 1967:

The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy

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About this agent

The Online Property Agency - Birmingham
The Online Property Agency - Birmingham
Sovereign Court, Graham Street Birmingham B1 3JR
0121 721 1976
Full profileProperty listings
With over 40 years combined experience in buying and selling, we have sought to differentiate ourselves from our competitors by providing a new, versatile
approach and bespoke solutions for both buyers and sellers. Our team boasts a wealth of experience in residential and commercial sales, retail, land, auction
and investment sales and we pride ourselves on our reputation for exceptional sales results. Our professionalism, enthusiasm, dedication and attention to
detail ensure that our customers receive an outstanding service above and beyond what one might ordinarily expect. We are not a ‘high street’ ... Show more
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