13% Net Yield, £39,000 Pa Net Yield, Brook Lane, Birmingham, B13

Would you like a hands off investment opportunity? This property let on a 5 year lease for £3250 pcm/ £39'000 p.a . and producing a 13% Net Yield. Government Backed. Social Housing Investment.

Deceptively spacious newly renovated hands off investment property boasting 6 bedrooms and fully renovated throughout to a high standard. Each room is well presented and has en-suite facilities and tea stations which include sink, under-counter fridge and storage unit.

This mid terraced property has parking to the front, central heating and double glazed (where specified), has mains integrated smoke/fire alarm protection system and emergency lighting and fire doors.

This property is with the largest registered social landlord in Birmingham, offering guaranteed rental income. With a secure, long-term lease in place, this investment provides reliable and stress-free returns, making it an ideal opportunity for investors seeking stability and consistent income.

LOCATION

This property is located in a popular residential area within walking distance to Moseley and Kings Heath High streets

As the second-largest city in the UK, Birmingham has been undergoing a huge economic and cultural renaissance over the past few years, fuelled by the arrival of the new high-speed rail link, HS2, to London, bringing with it a multi billion injection into the local economy.

Moseley, located in the B13 postcode of Birmingham, is one of the city's most sought-after and vibrant suburbs. Renowned for its unique character, this area blends a rich historical charm with a thriving modern community, making it a highly desirable place to live and invest.


TENURE

The property is freehold and will be sold with the benefit of a new 5 year FRI Lease from completion, with a passing rent of £3250 pcm/ £39'000 p.a. We are advised that in accordance with the lease terms, the tenant is responsible for bills, council tax and most internal repairs and maintenance. No break clause.

AGENT NOTES

Draft details, awaiting vendor approval.

Photos for illustrative purposes. The property is under renovation and will come newly renovated. Draft lease and heads of terms have been agreed with the tenant. The new lease will be entered into just prior to completion to ensure the new buyer benefits from the full term of the lease.

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. Cash buyers preferred.

This is an investment property and will be sold with the benefit of the social housing lease. Cash purchasers preferred. 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.

We are advised by the seller that the property is leased to a social housing provider under c3(b) use. HMO licence not required.

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