York Road, Birmingham B16 12 bed apartment for sale

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York Road, Birmingham B16 12 bed apartment for sale

York Road, Edgbaston, Birmingham, B16 9JB
£1,050,000

Price History

Initial price £1,350,000
01/02/25 £1,250,000
01/05/25 £1,050,000
Price Change -22.22%

Description

Davidson Estates presents a rare opportunity to purchase a freehold building in Edgbaston, Birmingham, consisting of 12 fully occupied and managed studio apartments. The property is in good condition, with each studio and communal areas well-maintained. The building features a driveway for two cars and ample on-street parking, as well as a rear communal garden. Located close to Edgbaston Village, Morrisons superstore, and Harborne High Street, the property benefits from excellent bus links to the city center. The current total annual rental income is £94,140, providing a 9% yield. The property is fully managed, offering a turn-key investment opportunity. Additionally, there is potential to change the use of the building to serviced apartments, subject to planning approval, which could increase the yield even further.