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For Sale£4,500,000.00

Arden House, 1102 Warwick Road, Birmingham, B27 6BH

Mixed Use, Other Property Types & Opportunities , 21628 Sq Ft
Property type: Mixed Use, Other Property Types & Opportunities
Tenure: Investment Opportunity, For Sale Freehold
Size: 21628 Sq Ft
Price: £4,500,000.00
Location: Arden House, 1102 Warwick Road, Acocks Green, Birmingham, B27 6BH
FULLY LET AND UNBROKEN, RESIDENTIAL INVESTMENT

- Attractive unbroken Virtual Freehold residential investment located in the popular Birmingham suburb of Acocks Green.
- Excellent location within walking distance to Acocks Green train station and the local amenities on the attractive Warwick Road.
- Total of 30 apartments extending to a total aggregate unit GIA of 21,628 sq. ft.
- Currently 100% let on Assured Shorthold Tenancies producing a gross income of £259,920 per annum.
- Estimated rental value in the region of £272,916 per annum.
- 28 car parking spaces to the rear of the property.
- Offers invited in the region of £4,500,000 (Four Million Five Hundred Thousand Pounds) or the Virtual Freehold interest, subject to contract and exclusive of VAT.
- An acquisition at this level reflects a gross yield on gross ERV of 6.06%, average unit value of £150,000 and a low capital value of £208 per sq. ft.

( Agency Pilot Software Ref: 2038903 )
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