Block of flats for sale in Hawthorn Road, Birmingham B44

9 apartments on AST's, 7x2 beds and 2x1 beds, producing an income of £60,218 pa, with a potential reversionary income of £66,700 pa.

Location
The property is located in Kingstanding, an area in North Birmingham, approximately 5 miles from the city centre. Situated on the corner of Kingstanding Road and Hawthorn Road, the area benefits from retail running along both roads from the junction. Transport links for the property are good, with various bus routes serving the area.

Description
A mixture of 1 and 2 bedroom apartments situated above a parade of retail units. Access to the flats is via the rear of the property, with stairs leading up to a shared external walkway.

Price Offers in the region of £900,000 (nine hundred thousand pounds) for the long leasehold interest. This represents a low capital value of £193.75 psf, which is less than replacement cost.

The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.

VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.