Property for sale in Villa Road, Birmingham B19

Description

The opa are pleased to present this superb ready made, hands off investment generating a phenomenal investment return.

Boasting 9 units – all comprising en-suite facilities, sleeping/ living area, kitchenette area comprising of tea station, worktop, sink, units and fridge.

The property is leased to a well established housing provider tenant generating £70,000 per annum net rent!

Opa are pleased to present this exceptional investment opportunity with a remarkable return.

Set over 3 floors, Offering a hassle-free investment, the property generates a phenomenal rental income.

Each bedroom is equipped with en-suite bathroom facilities and kitchenette/tea stations. Additionally, the property provides shared kitchens, communal lounge areas, parking facilities, and pleasant communal gardens.

Under renovating and being modernized throughout, this freehold property is sold subject to a new 5-year lease with no break clause, ensuring a consistent rental income of £70,000 p.a. / £5833 pcm rent

A fresh 5-year lease will be granted to the new owner upon completion. With no void periods, general maintenance, council tax, bills, or management fees, this property is an excellent hands-off income-generating asset.

• Hands Off Investment Opportunity

• En-Suite Bedrooms, With En-Suite & Kitchenette/ Tea Station Facilities

• Communal Lounge Areas

• Shared Kitchens

• Leased To Well Established Tenant (10 Years + Trading )

• Parking & Communal Gardens

• Recently Modernised Throughout

Location

Located on off the popular Villa Road within a popular residential area of Birmingham.

Just a short walk from a variety of amenities and facilities, including schools, shops, petrol station, restaurants, takeaways, and convenience stores, as well as quick access to Birmingham City Centre.

Tenure

The property is freehold.

The property will be sold on completion subject to a new 5 year lease with a rental income of £70,000 p.a. / £5833 pcm rent

We are advised that in accordance with the lease terms, the tenant is responsible for bills, council tax and general internal repairs and maintenance. There is no break clause in the lease.

Investment Opportunity:

This property is securely leased to a reputable housing provider, ensuring a guaranteed net rental income of £70,000 p.a. / £5833 pcm rent.

With a hassle-free investment model, this is an opportunity for investors to enjoy consistent returns without the complexities of day-to-day management.

Don't miss out on this opportunity to acquire a hassle-free, secure investment in a high-demand area. Contact us today for more information and to schedule a viewing.

Contact opa today if you are looking for an easy way to invest in a secure long term, stress free investment. No voids, no maintenance, no headache, no management fees, no bills and no council tax. Collect your net rent monthly without the stress of a standard buy to let investment.

What happens at the end of the lease

Housing providers generally look to establish long term relations and to provide long term solutions for their residents. The property is sold subject to the existing agreed lease terms. At the end of the lease, if you wish to extend the lease, you should contact the tenant to discuss new terms, rents etc. If you do not want to renew the lease you should give the tenants notice in accordance with the terms of the lease.

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

Ask agent

EPC

EPC –tbc

Material / Construction

Standard

Utilities

Mains elec, water, Sewage

Heating

Gas storage heating

Broadband

Ask agent

Parking

Communal car park

Listed property

no

planning or proposals for evelopment

No

Coalfield/ mining or directly impacted by effect of other mining activity

no

any other material information

Property under renovation. Sold as ready made investment. New elec & gas certs to be provided by completion. New 5 year lease starts on completion.

Agent notes

Draft details, awaiting vendor approval.

Property under renovation and photos are for illustrative purposes to serve as a general guide.

This property does not have A rear garden.

Buyers fee

Buyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (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

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.

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.

This property is being offered under The opa’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks, however please confirm seller’s required timescale)

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/ Get legal/ financial advice if required.

Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do not require a viewing and offer without a viewing, you are doing so at your own risk)

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion

Next Steps – Do Not Miss Out -

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

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.

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.

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.

In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a director of THE ONLINE PROPERTY AGENCY LTD

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.