£195,000 Offers Over

Fabrick Square, Lombard Street, Digbeth, B12

£195,000

2 bedroom Apartment for sale

Fabrick Square, Lombard Street, Digbeth, B12

Key features

  • 3rd floor
  • Close to The Bullring and New HS2 Station
  • Currently tenanted until Feb 2020 achieving £890pcm
  • New development
  • Allocated parking
  • Gas central heating
  • Double glazing

A great opportunity for an investor to purchase a 3rd floor 2 bed, 2 bath apartment in the Fabrick Square development which was released for sale off plan in 2015 by the developer Seven Capital and sold out within 3 weeks! The development was completed in February 2018. The property has a tenant in situ with a tenancy agreement in place until February 2020 with a rental income of £890pcm.

Fabrick Square is a major residential development in Birmingham's creative quarter providing the first ever new square in this emerging 'residential zoned' area of Digbeth. The Bullring Shopping Centre and planned HS2 Train Terminal are within easy walking distance, whilst the new Metro station across the road will link residents to the cities thriving leisure and business districts of Broad Street and Colmore Row, providing a perfect location for people to live, work & study in Birmingham City Centre.

The development is located within the heart of the Digbeth area which is undergoing one of the largest City Centre regeneration schemes in history worth £500 million, known as the Birmingham Smithfield Masterplan. So if you're looking for capital growth and a strong rental yield then this could prove to be a sound investment.

Here are some links with further information on the regeneration scheme:
www.birminghammail.co.uk/news/midlands-news/replay-birmingham-smithfield-plans-world-11045597
www.birminghambeheard.org.uk/economy/birmingham-smithfield-masterplan/supporting_documents/Smithfield%20Masterplan%20Screen%202.3.16.pdf

Apartment specifications provide superb, generously proportioned open plan designs to include a kitchen with integrated appliances. The apartment also benefits from a 10 year Checkmate Warranty.

LEASEHOLD INFORMATION:

Service charge - £1,296 per annum
Ground rent - £350 per annum
Lease length - 125 years from 2015

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. 

Book a viewing

Contact Martin & Co Birmingham City

32 Carver Street
Birmingham
West Midlands
B1 3AS

Call 0121 270 2633

Contact us now

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