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