22nd Jul 2022
22nd Jul 2022
- Type: Block of flats
- Bedrooms: 0
- Listing status: sale
- Country: England
Kb Roman are pleased to present a wonderful opportunity to purchase a freehold block of residential apartments located on a prominent High Street location within the West Midlands. Available with tenants in situ generating 8%+ rental yield.
This modern and spacious mid-level apartment block is situated in a popular area of Cradley Heath, with amenities and excellent transport links nearby.
Each apartment comprises; landscaped terrace porch, an open plan kitchen living area consisting of; integrated appliances (four-ring induction hob, and oven), as well as space for a washing machine and fridge freezer. The hallway leads off to a modern WC with shower facilities as well as a spacious main bedroom offering fully fitted wardrobes and bedroom furniture.
The block comprises of the following apartments:
1 bedroom x 2
2 bedroom x 8
3 bedroom x 3
Apartments are currently forecasted to produce circa. £76,560 per annum rental income (8% rental yield)
The apartment block offers large windows that allow plenty of natural light to flood in. Ideally situated in the popular area of Cradley Heath. Commuting routes to Birmingham and the M5, as well as Old Hill station; are within close proximity, providing rail links to Birmingham and Worcester. There are local shops and amenities close by, with further supermarkets being located in both Cradley Heath high street and Halesowen town centre. The property is ideally located above a shopping parade boating; health and well being, beauticians, grocery and retail stores in addition to a large Tesco Extra, plenty of parking and local eateries. We are advised the property is available to purchase on a long leasehold basis and can be purchased with tenants in situ offering an ideal property investment opportunity or vacant possession if required.
Prospective buyers must satisfy themselves of all information prior to purchase and be aware of specific purchase timelines in line with the vendor condition.
Interested parties please be advised of an exclusivity fee to secure the property subject to purchase.
Local info for B64