1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (105 years remaining)
- Fully tenanted investment property
- £8,400 rent per annum
- 6% gross yield investment
- Serviced accomadation suitable
A stunning 1 bedroom city centre apartment with Juliette balcony on the 4th floor of Dean House.
This property is an outstanding investment opportunity with low ground rent and service charges; likewise a fantastic purchase for a first time buyer looking to get onto the property ladder or a commuter living and working in the city centre.
This well presented apartment is a few minutes walk from the Bullring and Selfridges for shopping. A short distance from bus stops as well as Moor Street and New Street Train Stations for transport links as well as being close to Chinatown and The Arcadian for entertainment.
Dean House is also located within walking distance to the planned HS2 train station at Curzon Street, central to the area which will become known as Birmingham Smithfield. This area is undergoing one of the largest City Centre regeneration schemes in history worth over £500 million which will likely gain equity for the apartment in the future.
The apartment is currently leased out to Premier Suites who are an established serviced apartment company who operate worldwide and have been renting the apartment since it was built in 2006. Premier Suites have guaranteed a rent of £700 pcm, which gives a 6% yield. 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. The ground rent is £150pa and the service charge is £956pa which is very reasonable in comparison to other City Centre developments.
Viewing is highly recommended.
ROOM SIZES:
Entrance Hall
Storage Cupboard
Kitchen: 8' 0" x 6' 1" (2.44m x 1.85m)
Living Room: 16' 2" x 10' 6" (4.93m x 3.2m))
Bedroom: 12' 3" x 8' 10" (3.73m x 2.69m)
Bathroom: 7' 9" x 5' 4" (2.36m x 1.63m)
LEASEHOLD INFORMATION:
Service charge - £956 per annum
Ground rent - £150 per annum
Lease length - 125 years from 25 March 2005
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.
EPC Rating: C
Places of interest
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