St Pauls Mews, St. Pauls Square, Jewellery Quarter
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
Ask agent
Key features
- Investment Opportunity
- Outstanding 6.72% Gross Yield
- Tenant in Situ Until February 2024
- Incredible Jewellery Quarter Location
- Two Bedrooms
- Two Bathrooms
- Full Furniture Package Included
Description
With a tenant in situ until 12/02/2024, paying £1,400 per month it offers investors a hassle-free buy to let. This apartment is an excellent investment opportunity that is unrivalled in Birmingham's City Centre buy to let market. At an amazing value of just £352 per square foot, this is an opportunity that won't last long. Book your viewing today and start living your best life in the Jewellery Quarter!
*AGENT NOTE*
The current and previous accounting years? service charge have been increased to £4,195.10 (by agreement with all leaseholders) in order to fund improvement works to the building?s common parts. As such, prospective buyers should note the current years? service charge is not reflective of a ?normal? years? operating costs, which has historically been in the region of £2,100. The seller will be liable for the inflated service charge costs in relation to the building improvements currently being undertaken, and this additonal cost will not be passed on to the buyer. The current increase is funding some of the works currently underway to the common areas, and in parallel, is helping build a more substantial reserve fund to help future proof the building and residents.
The building has already seen some of the benefits of the increased service charge through new lighting systems amongst other improvements and will continue to see enhancements via redecoration and new carpet to all communal areas. We?re being advised by the building and estate management company that once these works are completed, they envisage seeing a return to a more normalised annual service charge budget.
Prospective purchasers will therefore benefit from improvements funded during previous ownership.
Brochures
BrochureTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£100 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£2100
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
152 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: C
St Pauls Mews, St. Pauls Square, Jewellery Quarter
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St. Paul's Tram Stop0.1 miles
- Birmingham Snow Hill Tram Stop0.2 miles
- Birmingham Snow Hill Station0.3 miles
About the agent
Centrick, Birmingham
The Exchange,​ 19 Newhall Street, Birmingham B3 3PJ
Centrick Property is a Midlands-based property group with offices in central Birmingham, Solihull, Nottingham and London. Established in 2005, our young, dynamic team deliver a friendly, efficient and professional service for residential sales and lettings, through to commercial property and block management. By combining these disciplines, we offer a seamless asset management solution at a competitive price. Currently looking after over ha
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 2662223. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Centrick, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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