Block of 10 Apartments, £104,000pa NET RENT, Aldridge Road, Birmingham, B42

DESCRIPTION

Would you like a hands off investment opportunity? This property let on 10 Seperate AST Agreements each Generating £866.66pcm. Bringing in a total £8666.66pcm £104'000 per annum NET RENTAL.

Deceptively spacious newly renovated hands off investment property boasting 10 no.1 bedroom Apartments and fully renovated throughout to a high standard. Each Apartment has a Kitchen Communal Bedroom and Bathroom.

This Semi Detached property has parking to the rear, Full electric and double glazed (where specified), has mains integrated smoke/fire alarm protection system and emergency lighting and fire doors.

With a secure AST lease in place, this investment provides reliable and stress-free returns, making it an ideal opportunity for investors seeking stability and consistent income.

LOCATION

Perry Barr is a well-connected and diverse area in North Birmingham, known for its regeneration projects, strong transport links, and proximity to key amenities. It is home to major landmarks such as Alexander Stadium, which hosted the 2022 Commonwealth Games, and Birmingham City University's City North Campus. The area has undergone significant redevelopment, making it an attractive location for property investment.

Key Benefits of Investing in Perry Barr
1. Ongoing Regeneration & Development
* The £700 million Perry Barr Regeneration Scheme has transformed the area, with new homes, improved public transport, and enhanced public spaces.
* The redevelopment of Alexander Stadium makes it a hub for sports and events, attracting visitors and businesses.
* Investment in local infrastructure, including new homes, roads, and green spaces, is boosting property values.
2. Excellent Transport Links
* Perry Barr is just 10 minutes from Birmingham City Centre by car or train.
* The Perry Barr railway station has been upgraded, providing quick access to central Birmingham and beyond.
* Well-served by major roads, including the A34 and M6 (Junction 7), making it ideal for commuters.
* Strong bus network and cycling infrastructure support easy travel across the city.
3. Growing Demand for Housing
* With students from Birmingham City University and professionals working in the city, rental demand is high.
* The influx of new developments is attracting families, first-time buyers, and investors.
* Prices remain more affordable than central Birmingham, but with strong capital growth potential.
4. Local Amenities & Green Spaces
* One Stop Shopping Centre offers a mix of retail stores, supermarkets, and restaurants.
* Handsworth Park and Perry Hall Park provide green spaces for recreation.
* A growing selection of restaurants, cafes, and cultural spots cater to a diverse community.
5. Economic Growth & Job Opportunities
* Proximity to key employment hubs, including Birmingham city centre and large industrial estates.
* Investment in commercial spaces is attracting businesses and boosting job opportunities.
* The area's growth makes it attractive for buy-to-let investors looking for stable rental yields.


TENURE

The property is freehold and will be sold with the benefit of 10 separate AST Agreements with a passing rent of £8666.66pcm/ £104,000 p.a. We are advised that in accordance with the lease terms, the tenant is responsible for bills, council tax.

AGENT NOTES

Draft details, awaiting vendor approval.

Due to Apartments being occupied a Block Viewing will be made for interested Parties to suite Tenants. A Virtual viewing will be available in due course.

VIEWINGS

Please contact SBI estates for viewings.

BUYERS FEE

Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400. (All fees inclusive of VAT). T&Cs apply. SBI estates "Secure It Now Exclusivity Package" This property is being offered under SBI estates "Secure It Now Exclusivity Package"

Please request information pack, Buyer's Guide & FAQs.

You will be required to enter into an "Exclusivity Agreement" with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period.

Please note the Buyer's Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance.

The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement

Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice.

Anyone looking to purchase with finance must ensure that they can complete on the property and the property is suitable for their lender's criterial.

The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement

Upon offer acceptance you will not be required to exchange contracts, but will be granted an "exclusivity period" in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement. (Please note we may be able to negotiate the timeframe, so please discuss with your SBI representative).

This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer's Fee, this secures the transaction and takes the property off the market.

By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.

SBI Estate's "Secure It Now Exclusivity Package" - this is a legally binding agreement between you and the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an "Exclusivity agreement with the Seller", granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.

This property is being offered under SBI Estates "Secure It Now Exclusivity Package"

This is an innovative secure and straightforward way to purchase this property.

* 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?

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

* 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