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
- The Arcadian, Hurst Street, Birmingham B5
- Marketed By:
- Martin & Co Birmingham City
- Posted
- 2024-05-09
- 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 in The Arcadian Centre offered by Martin & Co. Property investment opportunities like this don't come along often. Purchase this well presented City Centre pad with parking space 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 The Arcadian Centre 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 within the area which will become known as Birmingham Smithfield, which is undergoing one of the largest City Centre regeneration schemes in history worth £1.5 billion. 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/local-news/spectacular-new-images-birmingham-smithfield-15652013
Now for the numbers...The apartment is currently leased out to Stay City who are an established serviced apartment company who operate throughout Europe and they are paying a rent of £670pcm. Stay City currently have a rolling tenancy, however they have been the tenant since 2008. Stay City 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. There is no ground rent payable and the service charge and insurance is only £681pa which is very reasonable in comparison to other City Centre developments where the service charge for a one bed apartment is around £1,500 pa. If you like what you hear and the numbers stack up, then give us a call.
Room sizes:
Entrance Hall
Storage Cupboard
Bedroom: 16' 2" x 9' 4" (4.93m x 2.84m)
Bathroom: 7' 2" x 6' 6" (2.18m x 1.98m)
Open Plan Living/Kitchen: 26' 3" x 10' 3" (8m x 3.12m)
Terrace
Outside
Underground Parking Space
leasehold information:
Service charge & Insurance - £681.69 per annum
No ground rent payable
Lease length - 139 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.
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.