3B Warstone Parade East, Birmingham, West Midlands, B18 6NR

A Fully Let Freehold Block of 2 Residential Apartments

Property details

Type Investment
Tenure Freehold block (individual apartments are leasehold)
Price £525,000
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  • Freehold block of 2 fully let apartments
  • Fully let two-bedroom two-bathroom apartments
  • Located in Birmingham's Jewellery Quarter with excellent connectivity
  • Current rental income - £26,280 per annum
  • Offers in excess of £525,000 are sought for the freehold interest
The apartment block is located in Birmingham city centre’s Jewellery Quarter, an area that is ever popular amongst working professionals thanks to its eclectic offering of restaurants, bars, cafes, and shops. It has a strong creative vibe and attracts businesses from across the media, design and professional services sectors. The Jewellery Quarter is no more than a 15-minute walk from anywhere you want to be in Birmingham, be it the Bullring, Grand Central, Arena Birmingham, or the bustling Birmingham canal network. The location is well connected, with easy access to the Midland Metro tram line, Snow Hill train station and the A38M Aston Expressway, leading to Junction 6 of the M6 Motorway. Birmingham has three main stations: New Street, Snow Hill and Moor Street, the former two being the closest to these apartments at less than a 5-minute walk away. Birmingham’s efficient Metro and bus systems also make up excellent public transport options.

This freehold block comprises of 2 income producing apartments located in Birmingham's Jewellery Quarter. There are 2 x 2 bedroom apartments, both offering two bathrooms, producing a combined annual rent of £26,280. Offers in excess of £525,000 are sought for the freehold interest.

Warstone Parade Freehold: x2 2-bed 2-bath apartments producing £2,190 PCM
The leases on the individual apartments are as follows: 125 years from 05/12/2008 (111 years remaining)
Offers in excess of £525,000 are sought for the freehold interest, subject to existing tenancies.
We have been advised that the property is not elected for VAT.
Available upon request
Legal Costs
Each party are to responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.