1 bedroom apartment for saleArcadian Centre, Hurst Street, B5
Sold by Us £125,000
- Attention landlords!
- Hassle free investment
- Long term tenant
- Close to Bullring & New Street Station
CASH BUYERS ONLY! Another great investment opportunity in The Arc Apartments offered by Martin & Co. Property investment opportunities like this don't come along often. Purchase this well presented City Centre pad which is within minutes walk to the Bullring and have the money roll in from day one. If you are a landlord looking to have a hassle free investment where you have very little management to do on the property then look no further.
Key features of the apartment include a secure underground parking space and a full length balcony running across the bedroom and lounge. For those of you that are not so familiar with the area, then it is worth noting that Arc Apartments are located within walking distance to the planned HS2 train station at Curzon Street, as well as Grand Central, New Street and Moor Street Stations. The development is located a stones throw from the area which will become known as Birmingham Smithfield, one of the largest City Centre regeneration schemes in history worth £500 million. So if you're looking for capital growth then this could prove to be a sound investment.
Now for the numbers...The apartment is currently leased out to Stay City who are an established serviced apartment company. They have guaranteed a rent of £617.44 pcm, which gives a 5.7% yield. The current contract with Stay City runs until November 2017 when a new agreement can then be negotiated. Stay City are responsible for any maintenance to the fixtures and fittings within the apartment. This includes items such as the flooring, walls and kitchen units. The service charge is approximately £600 per annum which is very low compared to other similar City Centre apartments. If you like what you hear and the numbers stack up, then give us a call as this apartment will be snapped up quickly!
We have been advised that the service charge is approximately £600 per annum. 140 years remaining on the lease. The lease 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.
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