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.
- Ref: 2072296
- Tenure: Freehold
- Types: Other Development Land/Site, Residential Investment, Residential Development, Student Accommodation
- EPC: C
Key Features
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An income-producing 44-bedroom student HMO opportunity
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Located in the vibrant Selly Oak
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Approx. 0.8miles from University of Birmingham
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Freehold sale with 9 car parking spaces
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Current passing rent is £221,098.
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ERV is c. £280,000 at 100% occupancy
Location
Raddlebarn Court, 71a Raddlebarn Road, Birmingham, West Midlands, B29 6HE
The property is prominently located along Raddlebarn Road within Selly Oak, which is a vibrant and popular student-focused community. The surrounding area is a hub for students due to its proximity to University of Birmingham main campus and with many pubs, eateries and shops all within a short walk of Raddlebarn Court.
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