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£1,900,000 offers in region of

1 bedroom block of apartments for sale

Block 11 The Mint, Mint Drive, Jewellery Quarter, B18

£1,900,000 offers in region of

1 bedroom block of apartments for sale

Block 11 The Mint, Mint Drive, Jewellery Quarter, B18

Description

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Property features

  • Block of 9 apartments
  • 3 x 1 bed & 6 x 2 bed
  • 11 parking spaces
  • Secure gated development
  • 6,681 total sq ft for the apartments not including communal area
  • Rental income of £101,700 per annum
  • 999 year lease from 2013
  • Low service charge
  • £284 per sq ft
  • On site security

Property description

A rare opportunity has arisen to purchase Block 11 Mint Drive which is a block of 9 apartments and 11 parking spaces. The block consists of 3 x 1 beds & 6 x 2 beds and is being sold as a furnished, tenanted investment achieving £8,475 pcm (£101,700 pa). The apartments are arranged over 3 floors with the ground floor commercial unit already been sold to an owner occupier. The size is 6,681 total sq ft for the apartments not including the communal area. Price per square foot - £284 per sq ft.

Mint Drive is a major residential development in Birmingham's vibrant Jewellery Quarter, located at the former coin factory at the Birmingham Mint site. The Jewellery Quarter is a designated conservation area and proposed World Heritage Site and is already a prestigious and highly desired part of Birmingham. It is experiencing further development as some of the old factories are converted into apartments, restaurants and shops. It is only a short distance to all that Birmingham City Centre has to offer.

RENT SCHEDULE:
Apartment 181 - 2 bed - 831 sq ft - £975pcm
Apartment 182 - 1 bed - 534 sq ft - £750pcm
Apartment 183 - 2 bed - 862 sq ft - £1,100pcm
Apartment 184 - 2 bed - 831 sq ft - £1,150pcm
Apartment 185 - 1 bed - 534 sq ft - £850pcm
Apartment 186 - 2 bed - 862 sq ft - £900pcm
Apartment 187 - 2 bed - 831 sq ft - £950pcm
Apartment 188 - 1 bed - 534 sq ft - £800pcm
Apartment 189 - 2 bed - 862 sq ft - £1,000pcm

LEASEHOLD INFORMATION:
Service charge - £5,200 pa for all 9 apartments
Ground Rent - £2,250 pa for all 9 apartments
Lease length - 999 years from 22nd July 2013

Lease, ground rent and service charge 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 3 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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Call 0121 721 9279

DISCLAIMER

Property reference 100714011221. 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 selling agent 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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