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£150,000

1 bedroom apartment for sale

Dean House, Upper Dean Street, Birmingham, B5

£150,000

1 bedroom apartment for sale

Dean House, Upper Dean Street, Birmingham, B5

Description

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Property features

  • Hassle Free Investment
  • Cash Buyers Only
  • 4th Floor
  • Walking Distance to City Centre
  • Rental Income of £802pcm (6% yield)

Nearest stations

Birmingham Moor Street (0.3mi.)
Birmingham New Street (0.4mi.)
Grand Central New Street (0.4mi.)
Line 1

Nearest schools

school icon  South and City College Birmingham (0.3mi.)
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school icon  St Catherine of Siena Catholic Primary School (0.5mi.)
Outstanding
school icon  Chandos Primary School (0.5mi.)
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Virtual tour

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:

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 £802pcm 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 - £953.48 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.  

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Call 0121 721 9279
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DISCLAIMER

Property reference 100714010313. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co - Birmingham. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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