Jewellery Quarter, Property Portfolio, Birmingham, B18 6NR

A Fully Let Residential Investment Portfolio

Property details

Tenure Freehold of Warstone Parade East block. All other properties are leasehold, and copy head leases are available upon request.
Price £2,400.000
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  • 11 city centre apartments across 6 blocks
  • Freehold block of two apartments included as part of the sale
  • Located in Birmingham city centre with excellent connectivity
  • Current rental income - £124,260 per annum
  • ERV - £130,640 per annum
  • Guide price: offers based on £2,400,000
The apartments are predominantly 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.

The portfolio comprises of 11 income producing apartments located in the heart of Birmingham City Centre, and includes a freehold block of two apartments.

There are 9 x 2 bedroom and 2 x 1 bedroom apartments, producing a combined annual rent of £124,260.

Warstone Pde Freehold: x2 2-bed apts producing £2,190 PCM
Cutlass Court: x3 2-bed apartments producing £2,940 PCM
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 £900 PCM
Boardwalk Apartments: 2-bed apartment producing £1,095 PCM
Point 2 Apartments: 2-bed apartment producing £875 PCM
- Total income: £10,355 PCM // £124,260 PA
Offers are invited on £2,400,000 for the whole portfolio, subject to existing tenancies.
Offer may be considered on an individual or part-basis, subject to negotiation. Further details are available via Bond Wolfe.
We are advised that VAT is payable. Although, it is anticipated that the transaction will be dealt with by way of a TOGC.
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.