Flat for sale in Birmingham B5, 1 Bedroom
Quick Summary
- Property Type:
- Flat
- Status:
- For sale
- Price
- £ 150,000
- Beds:
- 1
- Baths:
- 1
- Recepts:
- 1
- County
- West Midlands
- Town
- Birmingham
- Outcode
- B5
- Location
- Dean House, Upper Dean Street, Birmingham B5
- Marketed By:
- Martin & Co Birmingham City
- Posted
- 2018-11-18
- B5 Rating:
- More Info?
- Please contact Martin & Co Birmingham City on 0121 659 5646 or Request Details
Property Description
Cash buyers only! Another great investment opportunity on the 4th floor of Dean House offered by Martin & Co. Property investment opportunities like this don't come along often. Purchase this well presented City Centre pad which is within minutes walk to the Bullring and have the money roll in from day one. For those of you that are not so familiar with the area, then it is worth noting that Dean House is located within walking distance to the planned HS2 train station at Curzon Street, as well as New Street and Moor Street Stations. The development is also located right within the heart of the area which will become known as Birmingham Smithfield, which is undergoing one of the largest City Centre regeneration schemes in history worth £500 million. So if you're looking for capital growth then this could prove to be a sound investment.
Here are some links with further information on the regeneration scheme:
Ews/midlands-news/replay-birmingham-smithfield-plans-world-11045597
Now for the numbers...The apartment is currently leased out to Premier Suites who are an established serviced apartment company who operate worldwide. Premier Suites have guaranteed a rent of £745pcm which gives a 6% yield. There are indexed linked (rpi) annual rent increases of between 1.5% to 3% throughout the term of the agreement. The current contract with Premier Suites runs until March 2021 when a new agreement can then be negotiated. Premier Suites are responsible for any maintenance to the fixtures and fittings within the apartment. This includes items such as the flooring, kitchen units and electric boiler. If you like what you hear and the numbers stack up, then give us a call.
Rooms:
Hallway
Storage Cupboard
Lounge Area
Kitchen
Bedroom
leasehold information:
Service charge - £821 per annum
Ground rent - £150 per annum
Lease length - 112 years remaining
Lease, ground rent, maintenance details and tenancy details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.
The photos used are not of the actual apartment but of A similar apartment in the development
Floor Plans
Property Location
Marketed by Martin & Co Birmingham City
Disclaimer Property descriptions and related information displayed on this page are marketing materials provided by Martin & Co Birmingham City. estateagents365.uk does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Martin & Co Birmingham City for full details and further information.