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Highfield Lane, Halesowen, B63

£550,000

Guide price

  • Bedrooms: 9
SUMMARY

Converted from The Nelson public house, a great investment opportunity to purchase this large property converted into 9 self contained apartments. Currently all rented out on assured shorthold tenancies, this property offers rental income of around£40,000 per annum giving a yield of 8% per annum.

DESCRIPTION

A unique opportunity to purchase this large property converted into 9 self contained apartments. Previously 'The Nelson' public house, this property was converted a number of years ago and has been successfully rented out since then. Currently all 9 apartments have tenants in situ and are on assured shorthold tenancies. With an estimated rental income of around £40,000 per annum, this great investment offers an 8% rental yield making it an attractive buy. Situated on the edge of Halesowen town centre, the properties are convenient for shops and transport links. Contact Connells on 0121 550 6465 for further information.

Information

A unique opportunity to purchase this large property converted into 9 self contained apartments. Previously 'The Nelson' public house, this property was converted a number of years ago and has been successfully rented out since then. Currently all 9 apartments have tenants in situ and are on assured shorthold tenancies. With an estimated rental income of £40,000 per annum, this great investment offers an 8% rental yield making it an attractive buy. Situated on the edge of Halesowen town centre, the properties are convenient for shops and transport links.

Communal Space

There are communal entrances, bin stores and off road parking.

Apartment One

A one bedroom apartment currently achieving £400 p.c.m

Apartment Two

A bedsit currently achieving £300 p.c.m

Apartment Three

A one bedroom apartment currently achieving £400 p.c.m

Apartment Four

A two bedroom apartment currently achieving £400 p.c.m

Apartment Five

A one bedroom apartment currently achieving £350 p.c.m

Apartment Six

A one bedroom apartment £385 p.c.m

Apartment Seven

A one bedroom apartment currently achieving £350 p.c.m

Apartment Eight

A one bedroom apartment currently achieving £325 p.c.m

Apartment Nine

Currently the managers accommodation, a two bedroom apartment with an estimated rental income of £400 p.c.m

1. 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. Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.

6. Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Arrange viewing 01214 391269

Connells - Halesowen

10 Hagley Road, Halesowen

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