Standout Features
- Refurbished Throughout
- 3rd Floor
- Electric Heating
- Off Road Parking
- Open Plan Lounge/Kitchen
- Intercom Entry System
- Passed EWS1 Cladding Certificate
- Currently Tenanted At £1,250pcm (8.3% Yield)
- Suitable For First Time Buyers Or Investors
- On-site Caretaker
Property Description
A fully refurbished 3rd floor flat located within walking distance to city centre and suitable for first time buyers or investors. Comprising of hallway, storage cupboard, open plan lounge/kitchen, modern bathroom with shower over bath and 2 double bedrooms. Further benefiting from off road parking, electric heating, intercom entry system and an on-site building caretaker.
The property is currently tenanted and achieving £1,250pcm which gives an amazing 8.3% yield.
ROOM SIZES:
Hallway
Store Cupboard
Open Plan Lounge/Kitchen: 22' 5" x 10' 5" (6.83m x 3.18m)
Bedroom One: 12' 3" x 10' 0" (3.73m x 3.05m)
Bedroom Two: 12' 3" x 6' 6" (3.73m x 1.98m)
Bathroom: 6' 4" x 6' 2" (1.93m x 1.88m)
WHAT THE OWNER SAYS:
"I decided to buy in City Heights due to its prime location right next to the Colmore Business District. I recognised this was the place to be in the city centre and that apartments in this location are in high demand. The building has an on-site caretaker who is very helpful whenever I have needed any assistance and there's also a WhatsApp group that residents and owners can join and has contributed to the community feel within the building. When I bought the apartment it was in poor condition so I completed a full renovation including a new kitchen, bathroom, doors and flooring. I currently let the apartment and it has always attracted good professional tenants, is always in demand and gives a good return. I have been fortunate that when one tenant moves out a new one has moved in soon after, minimising any void period."
LEASEHOLD INFORMATION:
Service Charge - £2,459 pa
Insurance - £481 pa
Ground Rent - Zero
Lease Length - 125 years from 29 September 1998
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.
The seller of this property is a Director of Martin & Co.
The property is currently tenanted and achieving £1,250pcm which gives an amazing 8.3% yield.
ROOM SIZES:
Hallway
Store Cupboard
Open Plan Lounge/Kitchen: 22' 5" x 10' 5" (6.83m x 3.18m)
Bedroom One: 12' 3" x 10' 0" (3.73m x 3.05m)
Bedroom Two: 12' 3" x 6' 6" (3.73m x 1.98m)
Bathroom: 6' 4" x 6' 2" (1.93m x 1.88m)
WHAT THE OWNER SAYS:
"I decided to buy in City Heights due to its prime location right next to the Colmore Business District. I recognised this was the place to be in the city centre and that apartments in this location are in high demand. The building has an on-site caretaker who is very helpful whenever I have needed any assistance and there's also a WhatsApp group that residents and owners can join and has contributed to the community feel within the building. When I bought the apartment it was in poor condition so I completed a full renovation including a new kitchen, bathroom, doors and flooring. I currently let the apartment and it has always attracted good professional tenants, is always in demand and gives a good return. I have been fortunate that when one tenant moves out a new one has moved in soon after, minimising any void period."
LEASEHOLD INFORMATION:
Service Charge - £2,459 pa
Insurance - £481 pa
Ground Rent - Zero
Lease Length - 125 years from 29 September 1998
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.
The seller of this property is a Director of Martin & Co.
Additional Information
Tenure:
Leasehold
Council Tax Band:
C
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City Heights, Old Snow Hill, Birmingham, B4
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