Block 11 The Mint, Mint Drive, Jewellery Quarter B18

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£1,900,000

A rare opportunity has arisen to purchase Block 11 Mint Drive which is a block of 9 apartments and 11 parking spaces. The block consists of 3 x 1 beds & 6 x 2 beds and is being sold as a furnished, tenanted investment achieving £8,475 pcm (£101,700 pa). 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.

Rent schedule:
Apartment 181 - 2 bed - 831 sq ft - £975pcm
Apartment 182 - 1 bed - 534 sq ft - £750pcm
Apartment 183 - 2 bed - 862 sq ft - £1,100pcm
Apartment 184 - 2 bed - 831 sq ft - £1,150pcm
Apartment 185 - 1 bed - 534 sq ft - £850pcm
Apartment 186 - 2 bed - 862 sq ft - £900pcm
Apartment 187 - 2 bed - 831 sq ft - £950pcm
Apartment 188 - 1 bed - 534 sq ft - £800pcm
Apartment 189 - 2 bed - 862 sq ft - £1,000pcm

leasehold information:
Service charge - £5,200 pa for all 9 apartments
Ground Rent - £2,250 pa for all 9 apartments
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.

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