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