Timberley Lane, Castle Bromwich, West Midlands

Property Details: • Type: Not Specified • Tenure: N/A • Floor Area: N/A

Key Features: • Four large self-contained flats • Popular residential area close to the centre of Castle Bromwich above the Shopping Centre • Gross and Reversionary Income £36,000 per annum • Net income £31,515.44 per annum • Break-up potential • Offers invited at £430,000 • Gross yield 8.37%, Net yield 7.32% before costs

Location: • Nearest Station: Lea Hall Station • Distance to Station: 1.5812911853882137 miles

Agent Information: • Address: 23 Bridgford Road, West Bridgford, Nottingham, NG2 6AU

Full Description: CONTACT FHP PROPERTY CONSULTANTS FOR MORE INFORMATION. Long Leasehold Residential Investment.<br /><br />Castle Bromwich is a large suburban village in the metropolitan borough of Solihull. It lies 5 miles (8km) due west of Birmingham City Centre. It benefits from good communications and less than 5 minutes drive time to J5 of the M6, connecting into the motorway network.According to the 2017 Census, the population is 12,309 persons. The property is well served by public transport <br />including Birmingham City Centre, Sutton Coldfield, Solihull and Birmingham Airport. Castle Bromwich is probably most famous for the Jaguar Land Rover complex, which currently <br />employs over 2,500 persons and indirectly a far greater number. <br />Timberley Lane runs in a northern direction at the junction of Brownfield Close to connect with Chester Road, which is part of the B411 trunk road to the north, thus forming easy access <br />to Birmingham City Centre. <br />The area immediately to the south of the junction with Chester Road on Timberley Lane is predominantly residential. The socio-economic profile is mixed, but is in a higher quartile. <br />The subject property forms part of a neighbourhood centre, probably erected some 40 to maybe 50 years ago on both sides of Timberley Lane. This property forms part of a parade of 38 <br />shops. The shops and the flats benefit from a large service yard approached from Thistledown Road where the car park is available.<br />In summary, this property occupies a very convenient location for local shopping facilities and for all further access into Birmingham City Centre by public transport.<br /><br /><b>Disclaimer Note & Money Laundering Wb</b> - These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate. <br /><br />Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.<br /><br />