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Tennant Street Lofts, Tennant Street, Birmingham, B15 1BS

£250,000Leasehold

2

Key Information

Tenure:Leasehold
Service charge:Not available
Ground rent:£325 per year
Time remaining on lease:244 years
Council tax band:D
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

2 Bedroom Apartments
Built 2018
Most Units Fully Tenanted
Rental Top up scheme available offering 7.5% gross yields*
City centre location
Available immediately
Buy Individually or as a portfolio

Description

***Perfect Investment Opportunity*** A portfolio of just 7 fully tenanted apartments with a rental top up to offer yields of 7.5% either available individually or as a portfolio. Located in the vibrant heart of Birmingham's bustling centre, Tennant Street Lofts features an exclusive array of 40 luxury apartments, ideally positioned amidst the lively Westside. Surrounded by rich history, culture, and entertainment, this development captures the essence of Birmingham's dynamic atmosphere. Situated near iconic landmarks such as Brindley Place and the offices of major corporations like Deutsche Bank and HSBC, this area epitomizes urban convenience. These fully occupied apartments offer an exceptional investment opportunity. The property requires a non-refundable reservation fee and provides favorable mortgage options, showcasing its premier status in Birmingham's real estate market. Elevate Property Group, the vendor, offers this leasehold property completed in 2018, featuring two-bedroom apartments starting at £250,000.

All mains services connected.
Gas heating provided via Cental central plant boiler system and metered in
every apartment via heat exchange unit.
Brushed stainless steel effect sockets and switches throughout apartments,
details on exact layout available on request.
Contemporary kitchens with a range of fitted floor and wall units complete
with modern square edge German Laminated work tops as seen on the
indicative plans. Includes electric cooker hob and extractor, tall upright
fridge/freezer. Washer/Dryer integrated in all apartments – (Type D’s
located in Store Cupboard)
White Duravit sanitaryware and Hansgrohe brassware, mains pressure hot
water.
Contemporary doors throughout including brushed stainless steel
ironmongery, fire rated doors where applicable.
Pencil round skirting and architrave finished in white egg
shell paint.
White emulsion to all plastered walls and ceilings.
Porcelonosa tiles to bathroom floors and part tiled walls
in wet areas.
Laminate to hallway, kitchen and lounge. Carpets in all bedrooms.
Keypad entry with intercom access from apartments.
Digital signal distribution to TV point in each apartment.
Telephone/data cable to a single outlet in each apartment.

A reservation fee, refundable on exchange, will be payable by the Buyer to Barrows & Forrester Property Group Ltd prior to issuing the Memorandum of Sale and marking the property as Sold Subject to Contract.

This fee will be reimbursed upon Exchange of contracts.

In the instance the Seller withdraws from the sale the fee will be returned to the Buyer.

The fee will be retained by Barrows & Forrester Property Group Ltd to cover costs in the event the Buyer withdraws from the purchase or doesn't Exchange within 6 months of the fee being received other than as a result of:
1. Any structural or material issues arising from any survey that has not previously been disclosed. 2. A defect in the seller’s legal title.
3. The local searches reveal any matter that has a material adverse effect on the market value of the property that were previously undeclared or unknown.
4. The buyers chain falling through no fault of the buyer.
5. The vendor not securing a property in the allotted timeframe.
6. The vendor withdrawing the property from the market.

The reservation fee levels are as follows:-
-An agreed offer under £300,000 will be £750 inclusive of VAT.
-An agreed offer between £300,001 and £500,000 will be £1,000 inclusive of VAT.
-All agreed offers over £500,001 and £1,000,000 will be £1,500 inclusive of VAT.
-All agreed offers over £1,000,001 will be £2,500 inclusive of VAT.

The reservation fee is payable upon acceptance of an offer which itself is subject to an assessment of ability to proceed.

Any renegotiation of an accepted price after the issue of the Sales Memorandum for any reason not covered in points 1 to 6 above will lead to the reservation fee being retained.
A further fee will be payable on any subsequent reduced offer accepted by the vendor.
This will be returnable subject to the conditions that prevail for all reservation fees.

Arrange Viewing

City Academy
(0.33 miles)
Number of pupils: 901
Age Range: 11 - 16
Edgbaston College
(0.38 miles)
Number of pupils: 70
Age Range: 15 - 19
City United Academy (CUA)
(0.41 miles)
Inadequate
Number of pupils: 28
Age Range: 11 - 16
Nelson Junior and Infant School
(0.43 miles)
Good
Number of pupils: 423
Age Range: 3 - 11
St John's & St Peter's CofE Academy
(0.45 miles)
Good
Number of pupils: 201
Age Range: 4 - 11
St Thomas CofE Academy
(0.48 miles)
Number of pupils: 235
Age Range: 3 - 11
James Brindley School
(0.5 miles)
Good
Number of pupils: 116
Age Range: 2 - 19
St Catherine of Siena Catholic Primary School
(0.51 miles)
Outstanding
Number of pupils: 236
Age Range: 3 - 11
West House School
(0.52 miles)
Number of pupils: 350
Age Range: 1 - 11
Mander Portman Woodward Independent College
(0.56 miles)
Outstanding
Number of pupils: 207
Age Range: 14 - 19

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£1,315 /mo.25 Years, 5% Interest
Loan
£225,000
Total Repay
£394,598

Stamp Duty

You’ll have to pay the stamp duty of:
£0
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