Property for sale in Winson Green Road, Birmingham B18

£1,650,000
Property for sale - 37 bedrooms 37
Interested in this property? Call +44 121 659 2987 * or Request Details

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Property features

  • 37 Bedrooms
  • ***investment opportunity - 9.31% yield***
  • 3 Communal Rooms
  • Spacious Communal Areas
  • Staff WC & Staff Kitchenette
  • Consultation Room / Office Facilities (x 2)
  • 19 Bedrooms With Shared Bathrooms & 18 En-Suite Bedrooms
  • Highly Attractive Communal Gardens
  • 0.199 Acre Site
  • £153,660 p. A Rental Income - 9.31% Net Yield

Property description

Description


The opa are pleased to present this unique opportunity to acquire a 37 Bedroom, ready made investment opportunity – Let on a 5 Year Lease to Social Housing generating a rental income of £153,660 p.a / £12,805 pcm. The property is set over three floors, and has undergone a full renovation to a very high specification and designed to create a practical living accommodation. The property has 37 rooms plus two offices, 18 rooms are en-suite and 19 come with shared bathroom facilities. There are a total of four kitchens, plus a kitchenette and three bathrooms and two communal shower rooms. The property also benefits from staff wc and staff kitchen and three communal rooms.


Planning


See planning details below. 2019 2019/05433/pa - Approve subject to Conditions 05-11-2019 Erection of 2.5 storey side extension to accommodate additional 18 no. Bedrooms with associated facilities to an existing hostel (Sui Generis) with associated parking 2016 2016/01435/pa - Approve subject to Conditions 14-06-2016 Change of use from community centre (use Class D1) to a hostel for the homeless (Sui Generis) containing 20 bedrooms with associated facilities, parking and amenity area.


Location


The property is centrally and conveniently located within easy reach of Handsworth, Hockley and approx. 2.5 miles to Birmingham City Centre. The property benefits from excellent transport links for road and public transport.


Tenure


The property is freehold and is let on a 5 Year Lease to Social Housing generating a rental income of £153,660 p.a / £12,805 pcm.


Viewings


Please contact The Online Property Agency for viewings.


Buyers fee


Buyer's Reservation Fee of 2% of The Purchase Price. T&Cs apply.

The opa’s “Secure It Now Exclusivity Package” 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

• Properties are realistically priced

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

• Focuses on speed

• Suitable for first time buyer

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• 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 and 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

Step 3 - Arrange a viewing / Virtual Tour

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 - Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

1. 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.
Floorplan(s): Floorplan 1 Floorplan 2

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For more information about this property, please contact
The Online Property Agency, B1 on +44 121 659 2987 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by The Online Property Agency, and do not constitute property particulars. Please contact The Online Property Agency for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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