Sold
Birmingham – Freehold student investment opportunity
Bywater House, 70 Harold Road, Edgbaston, Birmingham, B16 9AU
Offers in excess of £2,500,000
- Property Types:
- Residential, Student
- Sub Type:
- Student Accommodation
- Tenure:
- Freehold
Description
- 39 bed spaces within 28 self-contained flats (25 x studio; 1 x four bed; 2 x five bed)
- Let on a lease to STF Property Ltd for 5 years from 25 August 2016
- Current Gross Rent – £185,000.04 per annum
- Gross Initial Yield – 7.4%
- Estimated Rental Value – £250,000 per annum
- Communal gardens
- All rooms / flats fully furnished benefitting from fitted wardrobes, beds, desks, sofas and white goods
- Located within close proximity to Birmingham City Centre and the University of Birmingham main campus
For sale by Auction on Thursday 20th July unless sold prior
Subject to contract