Property photos
Under offer
Freehold
£499,999
8 bed property for sale
George Road, Erdington, Birmingham B238 beds
8 baths
1 reception
EPC rating: C
Key Information
Local area information
Property location
Nearby amenities
- Brookvale Primary School 0.3 miles
- Stockland Green School 0.3 miles
- Gravelly Hill 0.6 miles
- Witton (West Midlands) 1 mile
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- £55,287.25 p.a / £4,607.27 pcm net rent on 5 Year Lease
- All En-Suite Bedrooms With Tea Stations
- Secure Investment Opportunity - Leased to Social Housing Provider - Government Backed Rentals
- Hands Off Income Generating freehold Investment opportunity
- High Yielding Investment From Day 1 of Ownership
- Beautiful Newly Refurbished To High Standard
- Beautiful Location - Views Across Lake & Park
- 11.1% Net Yielding
Description:
Phenomenal secure long term government back investment opportunity with 5 years guaranteed rental income?
A hands off investment property with no voids or general maintenance and your rental paid by standing order every month.
This income generating investment presents a net 11.1% rental yield which is rare in today’s market and a rental income of £55,389 per annum.
The opa are pleased to present this substantial ready made, hands off investment property boasting En-Suite bedrooms with tea stations in all rooms and communal kitchen and lounge areas.
Tenure:
This Property is Freehold.
The property will be sold with the benefit of a new 5 year lease to a Social Housing Provider, generating a net rental income of £55,389 per annum, with no break clause.
This hands off investment property is producing a net 11.1% rental yield.
A fresh lease 5 will be granted to the new owner with no break clause
Leased to a well established housing company with over 10 years trading history.
Location:
The property is situated on the highly sought after George Road, and Brookvale Park and Brookvale Park Lake. Also benefits from excellent transport links to the City Centre via various frequent bus and train links and minutes drive from Spaghetti Junction (A38 and M6).
Agent notes
The property is newly refurbished.
EPC - C
Viewings
Please contact The Online Property Agency for viewings.
Buyers fee
Buyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (All fees inclusive of VAT). T&Cs apply.
Please request information pack, Buyer’s Guide & FAQs.
You will be required to enter into an “Exclusivity Agreement” with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period.
Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance.
The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement
Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement.
This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market.
By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.
The opa’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.
This property is being offered under The opa’s “Secure It Now Exclusivity Package”
This is an innovative secure and straightforward way to purchase this property.
Here are the benefits for you:
• Secure your dream property straight away
• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys :
• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks, however please confirm seller’s required timescale)
• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping
• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/ Get legal/ financial advice if required.
Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do not require a viewing and offer without a viewing, you are doing so at your own risk)
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
Important notes
Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice.
The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation, lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement
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: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.
Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The opa.
Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a director of THE ONLINE PROPERTY AGENCY LTD
Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
Phenomenal secure long term government back investment opportunity with 5 years guaranteed rental income?
A hands off investment property with no voids or general maintenance and your rental paid by standing order every month.
This income generating investment presents a net 11.1% rental yield which is rare in today’s market and a rental income of £55,389 per annum.
The opa are pleased to present this substantial ready made, hands off investment property boasting En-Suite bedrooms with tea stations in all rooms and communal kitchen and lounge areas.
Tenure:
This Property is Freehold.
The property will be sold with the benefit of a new 5 year lease to a Social Housing Provider, generating a net rental income of £55,389 per annum, with no break clause.
This hands off investment property is producing a net 11.1% rental yield.
A fresh lease 5 will be granted to the new owner with no break clause
Leased to a well established housing company with over 10 years trading history.
Location:
The property is situated on the highly sought after George Road, and Brookvale Park and Brookvale Park Lake. Also benefits from excellent transport links to the City Centre via various frequent bus and train links and minutes drive from Spaghetti Junction (A38 and M6).
Agent notes
The property is newly refurbished.
EPC - C
Viewings
Please contact The Online Property Agency for viewings.
Buyers fee
Buyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (All fees inclusive of VAT). T&Cs apply.
Please request information pack, Buyer’s Guide & FAQs.
You will be required to enter into an “Exclusivity Agreement” with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period.
Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance.
The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement
Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement.
This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market.
By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.
The opa’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.
This property is being offered under The opa’s “Secure It Now Exclusivity Package”
This is an innovative secure and straightforward way to purchase this property.
Here are the benefits for you:
• Secure your dream property straight away
• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys :
• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks, however please confirm seller’s required timescale)
• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping
• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/ Get legal/ financial advice if required.
Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do not require a viewing and offer without a viewing, you are doing so at your own risk)
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
Important notes
Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice.
The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation, lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement
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: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.
Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The opa.
Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a director of THE ONLINE PROPERTY AGENCY LTD
Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
Floor plans and tours
Floor plans
No floor plan available
Tours (1)
1 virtual tour available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
The Online Property Agency
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