Under Offer

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