Palace Road, Birmingham, B9
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- SIZE
Ask agent
- SECTOR
Residential development for sale
Key features
- Investment opportunity of 9 terraced houses
- Total income currently £68,642.20 pa
- ERV circa £90,182 pa
- Discount to break up value of 28%.
- Numerous management opportunities
- Initial yield 6.1%
- Reversionary yield 8.02%
Description
* 8 properties are located in Palace Road, Bordesley Green.
* Within the same ownership for more than 100 years.
* Reversionary income with many of the rents being set historically.
* Fully let.
* Numerous management opportunities including:
Refurbishment.
Increase rents to market levels.
Profitable break up of portfolio.
* Little supply of residential rental properties in the area.
* Total income currently £68,642.20 pa
* ERV circa £90,182 pa
* Aggregate VP break up values circa £1.57m
All the houses in Palace Road are similar being of brick construction with pitched slate roofs and a bay window to the ground floor. Otherwise, the specification includes double glazed PVC windows and gas fired central heating with radiators. Kitchens and bathrooms are of varying specifications but generally installed over the last 15 years.
Brochures
Palace Road, Birmingham, B9
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Adderley Park Station0.5 miles
- Small Heath Station0.9 miles
- Bordesley Station1.1 miles
About Sampson Moore, Birmingham
Botts Green Hall, Coleshill, B46
Sampson Moore are commercial property investment consultants based in Birmingham City Centre. Sampson Moore specialise in commercial property investment consultancy, including investment acquisitions, investment sales and associated portfolio and professional advice, such as rent reviews and lease renewals.
The main geographical area of operation is the Midlands but business is carried out across a wider area from Bristol to Yorkshire.
Notes
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