This property presents a noteworthy investment opportunity, featuring a block of three self-contained flats that total approximately 2,252 sq ft, located on the esteemed Lichfield Road in Four Oaks, Sutton Coldfield. Currently generating a combined rental income of £30,960 annually, there is significant potential for revenue enhancement as similar two-bedroom flats in the vicinity are leasing for about £1,100 per month. With optimal management and market conditions, future earnings could approach £39,600 annually.
The building's long-standing configuration as three independent flats supports its current use and offers opportunities for further asset management or redevelopment. Interested parties may explore potential residential reconfiguration or even alternative commercial applications, contingent upon obtaining the necessary planning approvals.
This unique block presents an attractive proposition due to its size and location within a sought-after residential neighbourhood. Situated conveniently close to Sutton Coldfield town centre and essential transport links into Birmingham and across the West Midlands, this site is ideally positioned to capitalise on local demand.
In summary, this property not only offers immediate rental returns but also encourages strategic improvements that could yield substantial growth in both income and capital value over time.
