York Road
Birmingham, B16

A superb longstanding  investment opportunity, owned by the same owners since 1973 !

A conveniently situated pair of semi detached houses converted to 9 self-contained flats close to Hagley Road and within easy commuting distance of Birmingham city centre and all transport links.

The property is managed by ourselves and we will offer our services to new landlords.

8 flats are let on fixed term Assured Shorthold Tenancies, 1 flat is in need of refurbishment  before re-letting.

Comprising 2, Spacious Two Bedroom Flats, 7, Spacious One Bedroom Flats.

Current rents as below:

Flat 1: £550 per calendar month.
Flat 2: £700 per calendar month.
Flat 3: £895 per calendar month.
Flat 4: Currently vacant, requiring refurbishment.
Flat 5: £500 per calendar month.
Flat 6: £550 per calendar month.
Flat 7: £575 per calendar month.
Flat 8: £550 per calendar month.
Flat 9: £550 per calendar month.


Total Current Rental Income: £58,440 pa
Rental Income (when Fully Let) Circa. £65,640 pa.

For sale by public auction with Joint Agents Cottons Auctioneers on 6th April 2022.

 

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£960,000

  • 11 Bedroom
  • 10 Bathroom
  • 9 Reception
  • Block of Apartments
  • Ref: GEAS072

Features

  • Investment Property
  • For Sale By Public Auction
  • 9 Self Contained Apartments
  • All Tenanted Apart From One Requiring Upgrading
  • Off Road Communal Parking
  • Communal Garden
  • A Mixture Of One And Two Bedrooms
  • Managed By Ourselves For 10 Years
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