10% + yields available

We all know the power of the rental yields.

THE HEIGHTS

Allsop are advertising two block investments in the West Midlands promising the potential of gross rental yields above 10%.  Obviously, we are not talking Kensington or Chelsea but a landlord with access to mortgage finance gets a lot for their cash.  Be advised - check out the rental voids before committing to anything.

The Heights, Walsall Road, WEST BROMWICH, B71 3AZ
FOR SALE

• Unbroken freehold investment opportunity
• 55 apartments
• All two beds (18 with en-suite)
• Subject to 42 Assured Shorthold Tenancies (13 vacant)
• Total current rent reserved £263,280 per annum
• Gross Initial Yield – 8.1%
• Estimated rental value - £338,580 per annum
• Estimated Gross Initial Yield – 10.4%
• Allocated and visitor car parking spaces

CALLOWBROOK LANE

188-192 Callowbrook Lane & 3-9 Deelands Road, RUBERY, B45 9LB

Description
    •    Two Detached Freehold Blocks
    •    16 flats (14 x two beds and 2 x one bed)
    •    Fully let until 01 July 2014 to Trident Housing Association
    •    Total Current Rent Reserved: £67,991 per annum
    •    Estimated market rent: £94,200 per annum
    •    Total Gross Yield: 8.49%
Price
Offers in excess of £800,000

Michael Gorman
+44 (0)113 236 6683
michael.gorman@allsop.co.uk

Mortgage Search - expert brokers - whole of market