Dean House, Upper Dean Street, Birmingham, B5
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Cash Buyers Only
- Rental Income Of £728 PCM - 8% Yeild
- Long Term Established Tenant
- City Center Location
- Walking Distance To The Planned HS2 Train Station At Curzon Street
Description
Another great investment opportunity on the 3rd floor of Dean House offered by Martin & Co. Property investment opportunities like this don't come along often. Purchase this well presented City Centre apartment 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. For those of you that are not so familiar with the area, then it is worth noting that Dean House is located within walking distance to the planned HS2 train station at Curzon Street, as well as New Street and Moor Street Stations. The development is also located right within the heart of the area which will become known as Birmingham Smithfield, one of the largest City Centre regeneration schemes in history worth £1.9bn. 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 Premier Suites who are an established serviced apartment company who operate worldwide. They have guaranteed a rent of £728pcm, which gives a 8% yield. The current contract with Premier Suites runs until August 2026 and the contract has been in place since 2006. Premier Suites are responsible for any maintenance to the fixtures and fittings within the apartment. This includes items such as the flooring, kitchen units and electric boiler. If you like what you hear and the numbers stack up, then give us a call as this apartment will be snapped up quickly!
ROOM SIZES:
Hallway
Storage Cupboard
Open Plan Living - 7.02m x 3.21m (23' x 10'6")
Bedroom 4.03m x 2.59m (13'3" x 8'6")
Bathroom 2.12m x 1.52m (7' x 5')
LEASEHOLD INFORMATION:
Service charge - £1097 pa
Ground rent - £150 pa
Lease length - 125 years remaining on the lease since March 2005
Lease, ground rent and maintenance 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.
- 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: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- 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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Dean House, Upper Dean Street, Birmingham, B5
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Visit our security centre to find out moreDisclaimer - Property reference 100714020922. 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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