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SOLD: Acocks Green, West Midlands, £4,000,000

Arden House . West Midlands

Sale

Description

An attractive and unbroken residential investment situated in the highly sought-after suburb of Acocks Green in south Birmingham. This property boasts an excellent location, providing convenience and a desirable living environment.

The property comprises of 30 apartments, including three one-bedroom and twenty-seven two-bedroom units, with a total aggregate GIA of 21,628 sq. ft.

Financial Highlights

Current Occupancy: 100% let on Assured Shorthold Tenancies

Current Gross Income: £321,600 per annum

Gross Yield (ERV): 8%

Virtual Freehold: 999 years from 2015

£1,991 per SQM / £185 SQFT

Key Information

OIEO £4,000,000

Part of Title WM18239

28 car parking spaces

Local Authority: Birmingham District (B)

01

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