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Raddlebarn Court, 71a Raddlebarn Road, Birmingham, West Midlands, B29 6HE

POA
Lambert Smith Hampton, Birmingham
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SECTOR

Residential development for sale

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Key features

  • An income-producing 44-bedroom student HMO opportunity
  • Located in the vibrant Selly Oak
  • Approx. 0.8miles from University of Birmingham
  • Freehold sale with 9 car parking spaces
  • Current passing rent is £221,098.
  • ERV is c. £280,000 at 100% occupancy

Description

The opportunity compromises an income-producing 44-bedroom student HMO investment property, with shared communal facilities and 9 parking spaces. The unit mix consists of 10 en-suite rooms and 34 cluster rooms. The property is located in Selly Oak, within close proximity to University of Birmingham campus.

Current passing rent is £221,098. ERV is c. £280,000 at 100% occupancy. The property is offered with a guide price of £3,000,000 subject to contract. This reflects a GIY at full occupancy of 9.30% and blends at c. £68k a bed.

Brochures

Raddlebarn Court, 71a Raddlebarn Road, Birmingham, West Midlands, B29 6HE

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NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Selly Oak Station0.4 miles
  • Bournville Station0.8 miles
  • University Station0.9 miles

About Lambert Smith Hampton, Birmingham

Interchange Place Edmund Street, Birmingham, B3 2TA

Please note our office opening hours are Monday - Friday, 9am – 5.30pm

Notes

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Disclaimer - Property reference 2072296FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lambert Smith Hampton, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data ©OpenStreetMap contributors.

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