Newhall Hill, Birmingham, B1
Guide Price
£4,250,000Knowing the purchase price means you can work out the total cost of buying the property.Read more about property price in our glossary page.
Added on 20/06/2024
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
• Newhall Hill Apartments is a freehold block comprising 24 apartments
• The whole property is let on a full repairing and insuring lease, to a residential serviced lettings operator for 10 years from Jan-2022
• Benefitting from yearly rental increases from 2025
• Current passing rent is £207,500 pa which increases to £283,978 pa in 2032 as per the agreed increases set out in the lease. The next increase is January 2025, and the rent increases to £215,800
• The building measures approximately 12,636 sq ft NSA *based on EPCs
• EPCs all benefitting from ratings of B - C
• Benefitting from 0% operational expenditure leakage during the term of the FRI lease
• Including 17 car parking spaces
• Guide price of £4,250,000, which reflects a 4.88% NIY (which reflects a 6.68% NIY in 2032)
• The whole property is let on a full repairing and insuring lease, to a residential serviced lettings operator for 10 years from Jan-2022
• Benefitting from yearly rental increases from 2025
• Current passing rent is £207,500 pa which increases to £283,978 pa in 2032 as per the agreed increases set out in the lease. The next increase is January 2025, and the rent increases to £215,800
• The building measures approximately 12,636 sq ft NSA *based on EPCs
• EPCs all benefitting from ratings of B - C
• Benefitting from 0% operational expenditure leakage during the term of the FRI lease
• Including 17 car parking spaces
• Guide price of £4,250,000, which reflects a 4.88% NIY (which reflects a 6.68% NIY in 2032)
Located in Birmingham's Jewellery Quarter
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Newhall Hill, Birmingham, B1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- St. Paul's Tram Stop0.4 miles
- Jewellery Quarter Tram Stop0.4 miles
- Birmingham Snow Hill Tram Stop0.4 miles
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About the agent
Knight Frank- Residential Investment, London
55 Baker Street, London, W1U 8AN
We are passionate about property. Our foundations are built on supporting clients in one of the most significant decisions they'll make in their lifetime. As your partners in property, we act with integrity and are here to help you achieve the very best price for your home in the quickest possible time. We offer a range of services for your property requirements. If you are selling, buying or letting a home, or you need some frank advice and insight on the current property market from our tea
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Visit our security centre to find out moreDisclaimer - Property reference HUB2462918. 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 Knight Frank- Residential Investment, London. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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