49 Hermitage Road, Erdington, Birmingham, B23 6AS

A substantial end terraced property with 3 x studio and 1 x one bedroom flat, fully let current gross income £22,560 p.a. FOR SALE BY AUCTION 15TH SEPTEMBER 2022.

Property details

Type Investment
Tenure Freehold, subject to existing tenancies.
Price Guide Price £225,000+
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Features
  • Residential Investment Opportunity
  • End terraced property with 3 x studio and 1 x one bedroom flat
  • Occupies a prominent corner location at the junction of Hermitage road & Ashley Road
  • Fully let current gross income £22,560 p.a.
Location
The property occupies a prominent corner location at the junction of Hermitage Road & Ashley Road, within walking distance of Gravelly Hill railway station. Erdington lies approx. 5 miles north-east of Birmingham city centre and benefits from excellent road links. Important roads that access the area include A38 (Birmingham to Derby road), A5127 (Gravelly Hill) and the A47 Spine Road. The M6 motorway forms the southern border of the district, with connections at Junction 6 (Gravelly Hill Interchange). There is a well-established network of bus routes through Erdington with connections to Birmingham City Centre and Sutton Coldfield.
Description

A freehold end terraced residential investment property converted into 3 studio flats and a further 1 bedroom apartment.

Price
Guide Price - £225,000 +
Tenancy
We are informed that the properties are let at rental figures below :
Flat 1 £6,600 p.a.
Flat 2 £5,400 p.a.
Flat 3 £4,800 p.a.
Flat 4 £5,760 p.a.
Total £22,560 p.a.
EPC
Energy Performance Rating : D.