8 bedroom detached house for sale

>

8 bedroom detached house for sale

Gravelly Hill North, Erdington
£620,000

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
  • Residential Investment / Development Opportunity

Description

James Laurence presents a fantastic investment opportunity in Erdington, a historic building that was once the Rossmore Hotel, now comprising six fully-let apartments. The property is located near Gravelly Hill train station and Erdington Town Centre, offering a prime spot for investors seeking a reliable income stream. The apartments are fully occupied and generating £39,000 per annum, with potential for growth through cosmetic improvements or modernization. The property features a communal entrance, shared basement space, off-road parking, and a spacious garden, making it an attractive option for tenants. With its proximity to Birmingham city centre and excellent transport links, this property is ideal for savvy investors looking to expand their portfolio.