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Plot for sale
Erdington, Birmingham B23
£600,000
Erdington, Birmingham B23
£600,000
Our Summary
- • Fully occupied• Rental yield of 7% NET (current)• 2x 1-bed and 4x 2-bedThere is parking to the rear of the property and a large sloping 'overgrown' garden with an opportunity to develop further
- The property is in need of some modernisation which can be done if and when a tenant vacates
Description
A rare opportunity to purchase a freehold development of 6 apartments in the heart of Erdington, fully occupied with a current rental yield of 7% NET. The property features 2 one-bed and 4 two-bed apartments, with parking and a large sloping garden offering potential for further development. The property requires modernisation, which can be done when a tenant vacates, and viewings can be arranged by appointment only.