Sold
Birmingham – Unbroken Freehold block comprising 16 self-contained in Birmingham City Centre
Colmore Place, 36-37 Cox Street, Birmingham, B3 1RZ
Offers in excess of £2,300,000
- Property Type:
- Residential
- Sub Types:
- Block of Flats, Investment, Multiple Flats
- Tenure:
- Freehold
Description
- Unbroken Freehold block comprising 16 self-contained apartments, arranged as follows:
- 10 x one bed apartments
- 6 x two bed apartments
- Well presented Grade II Listed building, with secure parking to the rear providing 12 allocated spaces
- Located on Cox Street in the popular Jewellery Quarter of Birmingham City Centre
- Currently 15 of the 16 flats are let, producing an income of £120,720 per annum
- Estimated Rental Income (ERV), if fully let of £141,300 per annum
- Gross Yield: 6% (based on ERV)
Subject to contract