Commercial property for sale in 25 Institute Road, Kings Heath, Birmingham, West Midlands B14
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Property description
This investment opportunity features a mix of residential and commercial units, promising a robust income stream and an impressive net yield. The total annual net income is £98,100, resulting in a net yield of 9.8%.
The property includes eight studio units generating a gross monthly income of £7,340 and a net monthly income of £6,550, which amounts to an annual net income of £78,600. Additionally, there are two ground-floor commercial units, with one rented at £3,600 per annum and the other at £15,900 per annum, bringing the total annual income from the commercial units to £19,500.
There is potential to convert the commercial units into residential units, subject to planning permission, which could significantly increase the total rental income. The property is available for sale either as a company or an asset, providing flexibility for the investor.
Property info
For more information about this property, please contact
Whozoo, SE3 on +44 20 8166 7298 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Whozoo, and do not constitute property particulars. Please contact Whozoo for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.