Warwick Road, Olton, Solihull

8 bedroom house - semi-detached for sale

£690,000

Description

** POTENTIAL RENTAL INCOME OF £59,700PA - YIELD OF 8.65% ** Archer Bassett are delighted to present a rare opportunity to acquire this substantial semi-detached, three storey period property located in Olton, Solihull which has been previously converted into 8 one bedroom self-contained flats. Most of the flats have been refurbished in recent years although minor cosmetic works would present an opportunity to maximise it's potential return on investment. The property briefly comprises of the vast majority being uPVC double glazed, electric heating throughout, communal parking area to the front and gardens to rear. The property is well located with easy access to the city centre via the A41 or A45 and is within a few minutes walk of Olton train station.

Flat 1 Spacious open plan lounge/bedroom, ensuite with shower cubicle and kitchen with a range of wall and base units and integrated electric hob and oven.

Flat 2 Spacious open plan lounge/bedroom, ensuite with shower cubicle and kitchen with a range of wall and base units and integrated electric hob and oven.

Flat 3 Located at the rear, larger flat with open plan kitchen/lounge with modern kitchen to include integrated electric hob, oven and breakfast bar. A double bedroom and bathroom with shower cubicle, W/C and hand wash basin

Flat 4 First floor flat with living room, kitchen with integrated electric hob and oven, large bedroom and bathroom with bath, W/C and hand wash basin.

Flat 5 First floor flat, spacious open plan lounge/bedroom, ensuite with shower cubicle and kitchen with a range of wall and base units and integrated electric hob and oven.

Flat 6 First floor flat with open plan living room/ kitchen with integrated electric hob and oven, bedroom and bathroom with bath, W/C and hand wash basin.

Flat 7 Second floor flat with open plan living room/ kitchen with integrated electric hob and oven, bedroom and bathroom with shower, W/C and hand wash basin.

Flat 8 Second floor flat with living room, kitchen with integrated electric hob and oven, bedroom and bathroom with shower, W/C and hand wash basin.

Communal areas Communal areas include a driveway to the front, communal hallways across three floors, a cleaning cupboard located off the first floor hallway. There is a large basement space which is currently not being used and a large garden to the rear laid to lawn with patio area.

Investment Opportunity 8 x Tenanted one bed flats.
Rental income of £59,700pa
Yield of 8.65%
Solihull District Council

Tenure - Freehold The agent has been informed that the property is offered freehold however any interested party should obtain confirmation of this via their own solicitor or legal representative.

Viewings Viewings are strictly by appointment only via Archer Bassett.

Agent Notes 1. Anti-Money Laundering (AML) Regulations – All named purchasers and anyone gifting funds will be asked to produce identification documentation before proceeding to instruction of solicitors and we would ask for your co-operation in order to proceed to agreeing the sale as soon as possible.
2. Source of Funds - All named purchasers and anyone gifting funds will be asked to produce evidence of the source of their funds before proceeding to instruction of solicitors.
3. These particulars do not constitute part or all of an offer or contract.
4. Any measurements indicated are intended for guidance only and as such must not be relied upon and any interested parties are advised to confirm any measurements before committing to any offer.
5. Archer Bassett has not tested any equipment, appliances, fixtures, fittings or services.

Council Tax band: A

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Location

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