Property for sale in Institute Road, Kings Heath, Birmingham B14
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Property description
Prime Investment Opportunity in Kings Heath!
Welcome to a lucrative investment in the heart of Kings Heath, now available for astute investors!
Property Overview:
8-bedroom HMO Bedsits
2 Commercial Units - Potential for conversion subjtect to planning
Commercial Units:
2 ground-floor commercial units. One rented at £3,600 pa, and the other at £15,900 pa
Residential Units:
Let to private working professionals under Assured Shorthold Tenancy
Total Gross Income: £7,340
Residential Net Income: £6,550 per month, £78,600 per annum.
Annual net Income: £98,100
Net Yield: 9.8%
Sale Price: £999,999
Company or asset sale is possible.
Location:
Situated in Kings Heath, a prime location with excellent growth potential and high demand for rental properties.
Key Features:
Potential for future development
Assured Shorthold Tenancy ensures stability
Contact us today for a viewing!
Property info
For more information about this property, please contact
10X Rising, B12 on +44 121 721 7690 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by 10X Rising, and do not constitute property particulars. Please contact 10X Rising 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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