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6 bedroom terraced house for sale
14% Net Yield, £45'000 Pa Net Rent, Wood Lane, Birmingham, B20
£320,000
14% Net Yield, £45'000 Pa Net Rent, Wood Lane, Birmingham, B20
£320,000
Our Summary
- Would you like a hands off investment opportunity
- Cash buyers preferred
- Cash purchasers preferred
- * 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 is a hands-off investment opportunity in Birmingham, a city undergoing significant economic and cultural growth. The property, a newly renovated 6-bedroom terraced house, is let on a 6-year, 11-month lease for £45,000 per annum, producing a 14% net yield. The tenant is a government-backed social housing provider, ensuring a secure and reliable income stream. The property is freehold, with a new lease to be entered into just prior to completion. The buyer will benefit from a long-term lease with no break clause and is responsible for bills, council tax, and internal repairs and maintenance. The property is available through SBI Estates' "Secure It Now Exclusivity Package," which grants the buyer an exclusivity period to complete on the purchase. A 2% buyer's fee, minimum £2,400, is payable upon offer acceptance. Cash buyers are preferred, and anyone looking to purchase with finance must ensure they can complete on the property and that it is suitable for their lender's criteria.