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8 bedroom detached house for sale
Gravelly Hill North, Erdington
£690,000
Gravelly Hill North, Erdington
£690,000
Our Summary
- DESCRIPTION James Laurence is proud to present a fantastic investment opportunity; six fully-let apartments in the former Rossmore Hotel
- Given it's prominent location and generous size, this property offers a lot of growth potential, ideally located circa five-minutes walk from Gravelly Hill train station and circa ten minutes walk from Erdington Town Centre
- - Annual income: Currently generating £39,000 per annum with full occupancy and tenancy agreements in place, there is scope to increase the income if cosmetic improvements are undertaken
- - Growth Potential - Opportunities for modernization within the building, or to extend to the rear of the plot could add value and increase the rental income significantly
- This is a great investment opportunity for savvy property investors looking to expand their portfolio with a property LOCATION Erdington is a lively suburb located just a few miles northeast of Birmingham city centre, offering a perfect blend of urban convenience and suburban charm
Description
James Laurence presents a fantastic investment opportunity in Erdington, comprising six fully-let apartments in the former Rossmore Hotel. The property offers a steady income stream of £39,000 per annum, with full occupancy and tenancy agreements in place. The apartments are located in a prime spot, just a five-minute walk from Gravelly Hill train station and ten minutes from Erdington Town Centre. The property has growth potential, with opportunities for modernization and extension to the rear of the plot. The location is ideal for commuters, with easy access to Birmingham city centre and surrounding areas. With a range of amenities nearby, including shops, cafes, and restaurants, this property is an attractive investment opportunity for savvy property investors.