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Property
Chelmsley Circle, Birmingham B37
£1,000,000
Chelmsley Circle, Birmingham B37
£1,000,000
Our Summary
- Tenure & investment opportunity
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
Description
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Here is a summary of the property description in a single paragraph without a list:
The property is a block of 9 newly renovated flats on a 7-year, hands-off lease, generating a net rental income of £130,000 per annum and a 13% net rental yield. The flats are fully tenanted and located in North Solihull, near Chelmsley Wood Shopping Centre, which has undergone significant regeneration. The area is well-connected, with easy access to Birmingham city centre, train stations, and motorways, making it an attractive location for professionals and families. The property offers a hassle-free investment opportunity with a guaranteed net rental income, no void periods, no general maintenance, and no management fees. The property will be sold with the benefit of a 999-year leasehold and will be sold with tenants in situ.