ROI = 1% BMV = -20.84%
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Description
Full Description FREEHOLD purchase with 12 studio apartments | Investment Opportunity | Fully Tenanted | Current total annual rental income of £94,140 pa | 7% Yield | Fully Managed Turn Key opportunity | Property in very good condition | Driveway and rear communal garden Davidson Estates are delighted to offer this large conversion consisting of 12 studios. They are fully occupied and fully managed by Davidson Estates. Each studio and communal areas are maintained to a high standard and there is a driveway for 2 cars plus ample on-street FREE parking. Located close to the Edgbaston Village, Morrisons superstore and Harborne High Street. The bus links into the City Centre are excellent via Hagley Road and arrive in 5 minutes. You will see an instant return on your investment. There is also potential to change the use of the building from AST's to serviced apartments which would increase your yield even further. This may be subject to planning approval. Rare opportunity to purchase a FREEHOLD building with 12 studio apartments in Edgbaston, Birmingham. Further details are available by request. Viewings can be arranged via Davidson Estates.
Find out MoreProperty Details
- Property ID: 157149404
- Added On: 2025-01-21
- Deal Type: For Sale
- Property Price: £1,350,000
- Bedrooms: 1
- Bathrooms: 1.00
Amenities
- FREEHOLD purchase with 12 studio apartments
- Investment Opportunity
- 7% Yield
- Fully Tenanted
- Annual rental income of £94,140 from April 2025
- Driveway and rear communal garden
- Fully Managed Turn Key opportunity
- Property in very good condition
