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7 bedroom block of apartments for sale
Fentham Rd-£80,000 p.a Net Rent- 6 Flats, Erdington, Birmingham, B23
£540,000
Fentham Rd-£80,000 p.a Net Rent- 6 Flats, Erdington, Birmingham, B23
£540,000
Our Summary
- TENURE & INVESTMENT OPPORTUNITY
- CONFIRM EXISTENCE & NATURE OF ANY KNOWN PLANNING OR PROPOSALS FOR DEVELOPMENT
- Cash buyers preferred
- Cash purchasers preferred
Description
This rare investment opportunity presents a freehold block of six self-contained flats in Erdington, Birmingham, generating a staggering 15% net yield. The property is fully let on a 5-year hands-off lease to an experienced accommodation provider, with no break clause, offering exceptional long-term security and peace of mind. The tenant is responsible for all outgoings, including utilities, council tax, and general internal maintenance, ensuring a hassle-free and low-risk investment. With a net rental income of £80,000 per annum, equivalent to £6,667 per calendar month, this is a genuine turnkey investment that requires zero involvement in the day-to-day running. The property is located in a highly accessible area with excellent public transport links and a wealth of local amenities nearby, making it an attractive opportunity for hands-off investors seeking reliable and predictable cash flow.