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Block 11 The Mint, Mint Drive, Jewellery Quarter, B18

PROPERTY TYPE

Block of Apartments

SIZE

6,681 sq. ft.

(621 sq. m.)

Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Block of 9 apartments
  • 3 x 1 bed & 6 x 2 bed
  • 9 parking spaces
  • No stamp duty to pay!
  • 6,681 total sq ft for the apartments not including communal area
  • Rental income of £97,500 per annum
  • 999 year lease from 2013
  • Low service charge
  • £284 per sq ft
  • On site security

Property description

A rare opportunity to purchase Block 11 Mint Drive which is a block of 9 apartments and 9 parking spaces. The block consists of 3 x 1 beds & 6 x 2 beds and is being sold as a furnished, tenanted investment achieving £8,225 pcm (£98,700 pa). The limited company that owns the property can be sold meaning there will be no stamp duty to pay! The apartments are arranged over 3 floors with the ground floor commercial unit already been sold to an owner occupier. The size is 6,681 total sq ft for the apartments not including the communal area. Price per square foot - £284 per sq ft.

Mint Drive is a major residential development in Birmingham's vibrant Jewellery Quarter, located at the former coin factory at the Birmingham Mint site. The Jewellery Quarter is a designated conservation area and proposed World Heritage Site and is already a prestigious and highly desired part of Birmingham. It is experiencing further development as some of the old factories are converted into apartments, restaurants and shops. It is only a short distance to all that Birmingham City Centre has to offer.

TENANCY SCHEDULE:
Apartment 181 - 2 bed - 831 sq ft - £975pcm
Apartment 182 - 1 bed - 534 sq ft - £765pcm
Apartment 183 - 2 bed - 862 sq ft - £960pcm
Apartment 184 - 2 bed - 831 sq ft - £950pcm
Apartment 185 - 1 bed - 534 sq ft - £850pcm
Apartment 186 - 2 bed - 862 sq ft - £950pcm
Apartment 187 - 2 bed - 831 sq ft - £1,050pcm
Apartment 188 - 1 bed - 534 sq ft - £775pcm
Apartment 189 - 2 bed - 862 sq ft - £950pcm

LEASEHOLD INFORMATION:
Service Charge - £6,244 pa for the whole block
Ground Rent - £0
Lease Length - 999 years from 22nd July 2013

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.

BUYERS FEE
Buyer's Fee of 1.5% + VAT (1.8% incl VAT) of the purchase price. T&Cs apply.

This property is being offered under Martin & Co's "Secure It Now Exclusivity Package". This is an innovative secure and straightforward way to purchase this property.

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale. You can now secure the purchase with a buyer's "Secure It Now Exclusivity fee" of 1.5% + VAT (1.8% incl VAT) which includes:

* A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks)
* Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.
* This prevents the risk of gazumping and helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

Step 1 - Register your interest
Step 2 - Sort out your finances
Step 3 - Arrange a viewing
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package
Step 6 - Exchange and completion 

Brochures

Sales Brochure - ...

Tenure: 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.

For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent

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.

Ask agent

Block 11 The Mint, Mint Drive, Jewellery Quarter, B18

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Jewellery Quarter Tram Stop0.2 miles
  • St. Paul's Tram Stop0.5 miles
  • Birmingham Snow Hill Tram Stop0.7 miles
Mortgages
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Market information
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About the agent

Martin & Co, Birmingham City

28 Carver Street Birmingham B1 3AS

The No.1 Agent in Central Birmingham

Martin & Co have been ranked by Rightmove as the No.1 Sales & Letting Agent in central Birmingham every year since 2019 based on the number of properties let and sold.

On a national level we have been recognised as the 'Best Large Chain' for six years in a row where we have been awarded Gold, Silver & Bronze at the ESTAS (Estate Agent & Letting Agent Awards). In 2019 we were awarded as the best agent in Birmingham at The British Property Aw

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Disclaimer - Property reference 100714015630. 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 Martin & Co, Birmingham City. 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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