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6 bedroom terraced house for sale
15% NET YIELD, £60'000 PA NET RENT, Brook Lane, Birmingham, B13
£399,999
15% NET YIELD, £60'000 PA NET RENT, Brook Lane, Birmingham, B13
£399,999
Our Summary
- DESCRIPTION Would you like a hands off investment opportunity
- Here are the benefits for you: * Secure your dream property straight away * Properties are realistically priced * Similar to a "normal" or "conventional" sale with a few measures to protect the buyer and the seller * Focuses on speed * Mortgage buyer friendly * Suitable for first time buyer * Mortgage buyers and cash buyers compete on equal terms * No competitive bidding * No risk of being gazumped * Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work
Description
This deceptively spacious, newly renovated mid-terrace property is available as a hands-off investment opportunity, let on a 5-year lease for £60,000 per annum, producing a 15% net yield. The property boasts six bedrooms, each with en-suite facilities and tea stations, and is located in a popular residential area within walking distance to Moseley and Kings Heath High streets. The property has been renovated to a high standard, with parking to the front, central heating, and double glazing. The lease is freehold, with the tenant responsible for bills, council tax, and internal repairs and maintenance. The property is being sold with the benefit of a new 5-year FRI lease, with no break clause. The buyer's fee is 2% of the purchase price, minimum £2,400, and the property is being offered under SBI estates' "Secure It Now Exclusivity Package", which allows buyers to secure the property with a non-refundable exclusivity fee.