• Cars & Vehicles
Cars & Vehicles
Browse by
Discover more in our guides
For Sale
Browse by
Property
Browse by
  • For Sale
  • To Rent
  • To Share
Jobs
Services
Browse by
Community
Browse by
  • Artists & Theatres
  • Classes
  • Events, Gigs & Nightlife
Pets
Browse by
  • Pets for Sale

Contact Property Investor App

Property Investor App

Posting for 2+ years

West Midlands - Flats & Mixed Use Opportunity - Click for more info

Brierley Hill, West Midlands

£390,500.00

Property Investor App

Posting for 2+ years

See all ads

Contact Property Investor App


propertyinvestorapp.co.uk

Share:

Posted
4 hours ago
Seller Type
Agency
Property Type
Other
Number Of Bedrooms
3

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Freehold Tenanted Block of Flats and Mixed Use Opportunity

Income producing flats within a great location, with further Development potential.

Commercial Value = Circa £500,000+

Purchase Price = £390,500

Finders Fee £5,000

Potential Gross Income (Fully Let) = £64,848 per annum

Current Gross Income = £17,108 Per Annum

FREEHOLD

We have managed to secure a tenanted, furnished and operating block of flats (mix of 1 bed and 2 bed flats – set over the first and second floor) with a vacant restaurant to the ground floor and basement space located below.

The flats are currently let out to working professionals, paying their own bills and separate utilities to each individual flat.

Flat 1 - 1 bedroom Flat - Approx 50 sq m
Flat 2 - 2 bedroom Flat - Approx 48 sq m
Flat 3 - 1 bedroom Flat - Approx 57 sq m
Flat 4 - 1 bedroom Flat - Approx 60 sq m
Flat 5 - 2 bedroom Flat - Approx 57 sq m
Restaurant - Approx 412 sq m
From our research:

1 bedroom flats are worth circa £60k
2 Bedroom Flats are worth £70k
Based on this alone, the flats once title split are worth £320,000

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1371363850


Disclaimer

This advertisement and the information related to it are provided and maintained by the advertiser. Gumtree.com is not responsible and can not guarantee the accuracy or completeness of this advertisement. Please note that every advertisement for rent or for sale should at a minimum, display the energy performance rating of the property. See our Flats and Housing Posting Rules for more information.

Property