Bearwood Parade, Bearwood High Street, West Midlands

INVESTMENT OPPORTUNITY GENERATING A YIELD OF 11.18%

**BLOCK VIEWING 12 NOON WEDNESDAY 11 MAY PLEASE CALL (option 1)** Best and final offers invited deadline is 3pm Tuesday 24 May. We are delighted to offer an investment opportunity of 38 HMO studios in the heart of Bearwood. It is a freehold opportunity, with offers being invited in excess of £2.400,000, with the property having an ERV of £269,500 including £700 ground rent. Located in a sought after area of Bearwood, close to Birmingham city centre (2.5 miles), this Bearwood site boasts excellent transport links, and is only 3.5miles from the M6 motorway and a 15 minute drive to Birmingham city center. All studios are recently redeveloped and of a high interior specification and retain excellent condition throughout. Access to the dwellings is through a gated security area and private driveway to the rear of the properties. There is commercial units to the ground floor, all of which have been sold on long leases.

Bearwood high street is a thriving road, full of amenities, shops bars and restaurants, such as Aldi and Iceland supermarkets, Smethwick Swimming Centre and Warley Woods Golf Course. Average house prices in the area are increasing by 11%, which is 5% faster than the Birmingham average, and Bearwood has a growing population of 54,000.

There is also an additional development opportunity available, consisting of planning permission for an additional 28 units, with plans being available on request, and offers invited in excess of £840,000.

Yield is circa 10% after ulitities