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3 bed flat
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Our Summary
- Virtual Freehold - (999- Year Lease) Prime Investment Opportunity
- TENURE & INVESTMENT OPPORTUNITY • Virtual Freehold: The property is sold with a 999 year leasehold and will be sold with tenants in situ
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Description
The property is a 3-bedroom duplex flat located above a retail parade in North Solihull, Chelmsley Wood. It is situated near a shopping centre with over 100 retail units, banks, cafes, and a large supermarket. The neighborhood is well-connected with easy access to Birmingham city centre via train and bus services, as well as nearby motorways.
The property has been newly renovated and will be sold with a 999-year lease, generating a net rental income of £14,400 per annum (£1,200 per month) due to a 7-year hands-off lease with a reputable housing company.