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2 bedroom property for sale
Oval Rd- 14% Net Yield - £23,000 p.a Net Rent, Birmingham, B24
£164,000
Oval Rd- 14% Net Yield - £23,000 p.a Net Rent, Birmingham, B24
£164,000
Our Summary
- A solid, long-term asset with full ownership and control—offering capital growth potential alongside rental returns
- The OPA is pleased to present this hands-off investment opportunity, offering an impressive net rental income of £23,000 per annum (£1,916
- TENURE & INVESTMENT OPPORTUNITY
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
- Virtual Freehold (999-Year Lease) with Share of Freehold – A Prime Investment Opportunity
Description
This exceptional hands-off investment opportunity in Birmingham's sought-after Erdington area offers a strong and consistent income stream generating £23,000 per annum, equivalent to £1,916.66 per month, with a remarkable 14% net rental yield. The property is fully tenanted under a 7-year lease to a reputable accommodation provider company, ensuring long-term income security with a 5-year break clause. The tenant covers all operating costs, including utility bills, council tax, and general repairs and maintenance, resulting in minimal involvement from the landlord. With no void periods, no general maintenance, no council tax, and no bills, this investment provides a hassle-free and predictable income stream. The property is sold with a new 999-year lease (virtual freehold) on a share of freehold basis, offering a solid, long-term asset with full ownership and control, and potential for capital growth alongside rental returns.