* Passive Income Investment Opportunity
* HMO Studio Unit (C4 Planning Approved)
* Net yield 11. 47% - Net Money In Your Bank Account £6310. 80 / £525. 90 pcm
* Secure Hands Off Investment Opportunity - Leased to Social Housing Provider - Government Backed Rentals
* Rental Payments Guaranteed By dwp (Department Of Working Pensions - A Government Department). Fixed 5 Year Lease With no break clause
* Capital Growth Potential Benefits
* 100% Occupancy - No Void Periods, No General Maintenance, No Council Tax, No Bills & No Management Fees
Description:
Are you looking for a secured turnkey investment with 5 year guaranteed net
rental income £6, 910. 88 per annum / £575. 90 per calender month and a net yield
of 11. 47%.
A hands off investment property with no voids, no bills, no council tax, no
general maintenance, no management fees and your rental paid by standing order
every month.
**Accommodation
**
The opa are pleased to present this substantial ready made, hands off
investment property.
These high end investment units are arranged as “Studio Type” accommodation
with stylish interiors and fittings and renovated to a high standard. Boasting
En - Suite bathroom facilities, kitchenette/ Tea Station With sink, wall & base
units and undercounter fridge and designated sleeping area.
There are also communal areas within the building available to all residents.
Tenure: - **Walk away with £6319. 80 per annum £525. 90 per month**
This investment property is sold on a new 250 year lease and sold as a ready
made, hands off investment for the investor seeking a hassle free investment
opportunity.
Sold with the benefit of a 5 year lease to a Social Housing Provider with no
break clause, generating a rental income of £6, 910. 88 per annum / £575. 90 per
calender month
Ground Rent: £100 p. a
Service Charge: Years 1 - 5 ; £500 p. a
Service Charge After Year 5; £1200 p. a
This hands off investment property is producing a net yield of 11. 47%
Walk away with £6319. 80 per annum £525. 90 per month
The property will be sold subject to a new 5 year lease from completion, with
no break clause.
Location:
Located in a sought after area of Bearwood, just across the boarder of
Edgbaston and Harborne and within approx. 10 minutes of Birmingham city
centre.
Bearwood high street is a thriving road, full of amenities, shops bars and
restaurants, such as Costa, Aldi and Iceland supermarkets, Subway, Argos, Co -
Op, Lloyds Pharmacy, Lloyds Pharmacy.
Located just off Hagley Road with a local conveniences including McDonalds,
tgi Fridays, Ask Italian, Boots and many more.
Located circa 2. 5 miles from Birmingham City Centre, this Bearwood site boasts
excellent transport links, and is only 3. 5miles from the M6 motorway and a 10
minute drive to Birmingham city center.
Also within close proximity to Smethwick Swimming Centre and Warley Woods Golf
Course
Located Just Off The Hagley Road - Adjacent To Edgbaston and Harborne approx.
10 Mins To Birmingham city centre, Neigbouring Occupiers Are Costa, Aldi,
Iceland, Argos & Convenient For McDonalds, tgi Fridays, Ask Italian, Boots and
many more.
**Planning
**
The property has planning for HMO Use. Any intended buyers should satisfy
themselves as to the planning permission granted.
DC/22/66744 Pursuant to planning application DC/18/61477 proposed change of
use and refurbishment of part - ground floor and two - storey rear extension to
accommodate an additional six single - occupancy bedsits; together with bicycle
parking facilities, refuse and recycling storage, and external staircases.
DC/22/66544 Lawful development certificate to confirm that planning permission
for change of use of part - ground floor and upper floors and single - storey rear
extension to accommodate 11 No. Single occupancy bedroom HMO together with
bicycle parking facilities and refuse and recycling storage (granted under
appeal ref app/G4620/W/18/3206616) has been lawfully implemented.
**Agent notes
**
The property is under renovation & photographs are for illustrative purposes
Only. Completion anticipated in Q1 Of 2023.
**Viewings
**
Please contact The Online Property Agency
**Buyers fee
**
Buyer's Reservation Fee of 2% of The Purchase Price - Min fee £2400 inc VAT.
(All fees inclusive of VAT). T&Cs apply.
The opa’s “Secure It Now Exclusivity Package”
This property is being offered under The opa’s “Secure It Now Exclusivity
Package”
This is an innovative secure and straightforward way to purchase this
property.
Here are the benefits for you:
• Secure your dream property straight away
• Properties are realistically priced
• Similar to a “normal” or “conventional” sale with a few measures to protect
the buyer and the seller
• Focuses on speed
• Mortgage buyer friendly
• Suitable for first time buyer
• Mortgage buyers and cash buyers compete on equal terms
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
Our sellers are motivated and willing to price their properties competitively
in order to ensure a fast and secure sale.
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee
“ of 2% which includes :
• A legally binding contract granting the buyer exclusive rights to purchase
the property within a given timeframe (usually 56 days / 8 weeks )
• Paying the Exclusivity Fee ensures that the seller takes their property off
the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping and the
• helps you avoid losing money and wasting time which most buyers like you may
face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe
in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances
Step 3 - Arrange a viewing / Virtual Tour
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity
package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
Please note this is a realistically priced property and is likely going to
create a fair amount of buying interest. If you're interested in buying this
property, we'd urge you to contact us immediately to avoid losing out.
Please note this is a non - refundable exclusivity fee in addition to the
purchase price.
Money laundering regulations - Intending purchasers will be asked to produce
identification documentation at a later stage and we would ask for your co -
operation in order that there will be no delay in agreeing the sale. 2: These
particulars do not constitute part or all of an offer or contract. 3: The
measurements indicated are supplied for guidance only and as such must be
considered incorrect. 4: Potential buyers are advised to recheck the
measurements before committing to any expense. 5: All descriptions,
dimensions, references to condition and necessary permission for use and
occupation, and other details are given without responsibility and any
intending purchasers or tenants should not rely on them as statements or
representations of fact but must satisfy themselves by inspection or otherwise
as to the correctness of each of them; 6: No persons in the employment of The
opa has any authority to make or give any representation or warranty whatever
in relation to this property. No services, fixtures, fittings or appliances,
including central heating, have been tested by the Agent at the time of
printing. All references to parts of the fabric, material, decoration,
external or internal features or grounds of the property are made without any
warranty as to their conditions or effectiveness. Where definite checks have
been made, such results will be made clear at the appropriate place in the
particulars of sale. Every effort has been made by the Agents to obtain
accurate information from the correct sources. However, intending purchasers
and other readers are asked to make their own arrangements regarding
verification of any statements expressed in these particulars of sale.
“Please be advised that this property may have been owned by the current
seller for under six months, or the seller may have the exclusive right to
sell the property. If you require any further clarification, please speak to a
representative of The opa. ”
Any reference to, or use of any part of the property is not a statement that
any necessary planning, building regulations or other consent has been
obtained. All photographs shown are indicative and cannot be guaranteed to
represent the complete interior scheme or items included in the sale. No
person in our employment has any authority to make or give any representation
or warranty whatsoever in relation to this property.
Misrepresentation Act 1967: The opa for themselves and for the vendors or
lessors of this property whose agents they are, give notice that: (1) These
particulars do not amount to, nor amount to any part of, an offer or contract.
(2) None of the statements contained in these particulars should be relied on
as statements or representations of fact, therefore all prospective purchasers
or tenants must satisfy themselves as to their accuracy.
In accordance with Section 21 of the Estate Agents Act 1979 an interest is
declared in that the vendor of the property is a relative of a Partner of THE
ONLINE PROPERTY AGENCY LTD

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