Under Offer
Birmingham – Rare Unbroken Freehold Mixed-Use Investment Opportunity
Sandwell Court, Sandwell Road, Birmingham, B21 8NL
Offers in excess of £4,700,000
- Property Type:
- Residential
- Tenure:
- Freehold
Description
- Unbroken residential led mixed-use Freehold block comprising 70 flats (19 x studios, 51 x one beds)
- Commercial unit let to Ladbrokes
- Well located in established mixed-use area close to Birmingham city centre
- 65 flats let subject to Assured Shorthold Tenancies, one flat subject to Assured Tenancy, two Regulated Tenancies, with two flats vacant
- Total Current Rent Reserved: £370,264 per annum
- Anticipated rent when vacant residential units are let: £379,204 per annum
Offers in excess of £4,700,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract.
A purchase at this level would reflect a gross initial yield of 8.07% (if fully let) and a capital value of £135 per square foot.
Subject to contract