Investment Collection, 32 Tenby Street North, Birmingham, West Midlands, B1 3ES

Five Fully Let Residential Apartments - Property Portfolio

Property details

Type Investment
Tenure Leasehold - copy head leases are available upon request: Sapphire Heights x2: 99 year lease from 01/01/2004 (80 years remaining) Camden Court: 125 year lease from 01/10/2004 (108 years remaining) Point Two Apartments: 150 year lease from 01/01/2000 (127 years remaining)
Price £975,000
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  • 5 city centre apartments across 3 blocks
  • All apartments fully let
  • Located in Birmingham's Jewellery Quarter with excellent connectivity
  • Current rental income - £48,336 per annum
  • Guide price: offers based on £975,000
These apartment are 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 portfolio comprises of 5 income producing apartments across 3 separate apartment blocks, all located in the heart of Birmingham City Centre. There are 3 x 2 bedroom apartments and 2 x 1 bedroom apartments, two of which have parking spaces included and one offering two bathrooms, producing a combined annual rent of £48,336. The asking price is £975,000.

Sapphire Heights: 1-bed apartment producing £680 PCM
Sapphire Heights: 2-bed apartment producing £950 PCM
Camden Court: 1-bed apartment producing £725 PCM
Camden Court: 2-bed apartment producing £850 PCM
Point 2 Apartments: 2-bed 2-bath apartment producing £815 PCM
Offers are invited on £975,000 for this portfolio, 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.