10 Holliday Road, Handsworth, Birmingham, West Midlands, B21 0UQ

Description

The property comprises a two storey detached property with two self contained flats (currently utilised as separate bedrooms) and 8 ensuite letting rooms arranged over ground and first floors. Under it’s current configuration, the property provides 13 bedrooms. To the ground floor there is a communal accommodation by way of entrance lobby, breakfast kitchen and lounge together with a ‘quiet’ room and caretakers office.

The property extends to 3,964 sq. ft. (368.3 sq m) and has recently been refurbished throughout to offer modern living accommodation. Each of the rooms benefits from a kitchenette and newly appointed ensuite shower room.

Location

The property occupies a prominent position on Holliday Road, within the established residential suburb of Handsworth, approximately 2.5 miles north-west of Birmingham City Centre. The surrounding area comprises a mixture of traditional housing, local retail parades, community facilities and educational establishments, making it a well-established and densely populated location. The property benefits from excellent transport connectivity, with convenient access to the A41 (Soho Road), A4040 (Outer Ring Road) and Birmingham's wider motorway network via Junctions 1 and 2 of the M5. Birmingham City Centre is readily accessible by both road and public transport, while nearby bus services and rail connections provide excellent links across the West Midlands. The immediate vicinity is well served by local amenities including supermarkets, healthcare facilities, schools and parks, together with major employment centres in Birmingham City Centre, the Jewellery Quarter and surrounding commercial districts. The property's accessible location and strong local amenities continue to support sustained demand for residential accommodation.

Accommodation

Please see enclosed inside detailed brochure.

Tenure

Freehold, subject to the existing lease. The property is held Freehold under title number WM540862.

Tenancy

The entire property is let to Second City Housing Limited for a term of ten years from 5 March 2026, expiring 4 March 2036. The passing rent is £105,000 per annum, payable monthly in advance. There is a CPI linked rent review at the third anniversary, capped at 10% max and 1% min. Thereafter, there are CPI linked annual reviews, capped at 5% max and 1% min.
Second City Housing Ltd ( company number 10395631)is a Birmingham-based provider of supported and temporary accommodation, established in 2016. The company works with
vulnerable individuals and families, providing housing alongside tailored support services designed to promote independent living and improve long-term outcomes. For the year end 30/9/2024, reported turnover was £7,175,583.

Price

Offers in excess of £995,000 are sought for the Freehold interest . A purchase at this level shows a net initial yield of 9.98%.

Additional Information

Legal Pack -
For access to the legal pack and supporting information please email jmattin@bondwolfe.com

VAT

We are advised that Vat is not applicable although prospective tenants should satisfy themselves in this regard.

EPC

Available upon request.

Legal Costs

Offers in excess of £995,000 are sought for the Freehold interest . A purchase at this level shows a net initial yield of 9.98%. A full legal pack is available for inspection and upon acceptance of an offer, the successful buyer will be required to exchange contracts with a non refundable 10% deposit. Completion will be 28 days from exchange of contacts unless otherwise agreed.

Anti Money Laundering

Under HMRC regulations in addition to the Criminal Finances Act 2017, as property agents facilitating transactions, we are obliged to undertake anti money laundering due diligence for both the vendors (our client) and the purchasers involved in a transaction. As such, personal and detailed financial information (including proof and source of funds) will be
required before an offer can be accepted and a transaction can commence.