Property Details: • Type: N/A • Tenure: N/A • Floor Area: N/A
Key Features:
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 1st Floor 75-77 Colmore Row Birmingham B3 2AP
Full Description: For Sale by private treaty.
Offers based on £995,000 are sought for the Freehold interest and 5 self-contained apartments.
Freehold town centre residential investment opportunity
The 5 self-contained apartments are situated across two blocks, namely Mill House & Trinity View House, and the sale will include the Freehold interest of both blocks. Mill House is a brand new development of 7 luxury apartments fronting Midland Drive, whilst Trinity View House is a conversion comprising 6 apartments. Each of the apartments has been finished to an exceptional standard and include Quartz work surfaces, integrated appliances, and ample open-plan living space. Of the two bedrooms, the principal bedroom has an en suite shower room, whilst there is a further main house bathroom and open-plan kitchen and living room. 5 of the apartments are now being offered for sale with the Freehold title to both blocks. Some of the apartments that have been sold off long leaseholds , have been rented at £1,350 pcm, thus producing an estimated rental value of £81,000 per annum for the 5 available apartments.
Accommodation Each apartment comprises:- Security entrance pad Inner hallway Store cupboard Open-plan Kitchen & living 2 bedrooms En suite shower room to principal bedroom House bathroom
TRINITY VIEW HOUSE APARTMENTS 1 Ground floor 2 bedroom apartment 645 sq ft 3 First floor 2 bedroom apartment 645 sq ft 5 Second floor 2 bedroom apartment 645 sq ft MILL HOUSE APARTMENTS 4 First floor 2 bedroom apartment 667 sq ft 6 Second floor 2 bedroom apartment 667 sq ft
Location Both Mill House & Trinity View house are situated in the heart of Sutton Coldfield Town centre with easy walking distance access to all town centre amenities & Sutton Coldfield Train Station, which is a 2-minute walk away. The M6 motorway, which connects Birmingham to the North and the M42, is located approximately 6 miles to the southwest of the Property. The M42 continues to the south of Birmingham and connects to the M40 south to London. From Sutton Coldfield: Birmingham City Centre - 21 mins Coventry via Birmingham - 55 mins London via Birmingham - 2 hours 11 mins
Tenure Freehold with vacant possession. The sale includes 5 self-contained apartments and the Freehold title to both Mill House & Trinity View House. The remaining 8 apartments have been sold off long leasehold for a term of 125 years at a Peppercorn ground rent.
VAT We are advised that VAT is not applicable, but purchasers should satisfy themselves in this regard.
Services We are advised that mains electric, water & drainage are connected.
Service Charge There is an annual proportionate service charge run by the existing Freeholder and details are available within the data room upon request.
Legal Costs Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
