£360,000
1 bed flat for saleLombard Street, Birmingham B12
1 bed
1 bath
1 reception
EPC Rating: B
About this property
Exciting Investment Opportunity to Buy Four One Bedroom Executive Apartments in Sought After Digbeth Square Development!
Each Apartment has an entrance hall with HD surveillance intercom panel plus a large open plan living area
The Apartments have stylish kitchens with integrated appliances, plus luxury bathroom suites with bath and shower
Residents have access to a large communal roof terrace
Digbeth Square has a bus stop just outside the development and is just a ten minute walk from Birmingham city centre
All four units are tenanted so offer an immediate income upon completion of purchase
Current 5.2% gross return
248 years remaining of 250 year lease
Brick Management are delighted to offer for sale a portfolio of two, stunning fourth floor spacious one bedroom apartments in the two year old Digbeth Square development, located just a ten minute walk from Birmingham city centre.
Each apartment benefits from an entrance hall leading to a long spacious open plan living area, stylish kitchen with integrated appliances, large double bedroom, luxury bathroom suite with bath and shower, neutral decoration throughout and HD video surveillance intercom tablet.
Residents have access to a large communal roof terrace.
All apartments come with tenants in situ, so instant rental income upon completion of sale.
The two units are currently achieving a combined £1975 rental per month, equating to a 5.93% gross return.
248 years remaining of 250 year lease.
More information
Tenure
Leasehold (248 years)
Service charge
£1,397 per year
Council tax band
C
Ground rent
£250
Ground rent date of next review
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