Property Details: • Type: Block of Apartments • Tenure: LEASEHOLD • Floor Area: 6083 sqft
Key Features: • 45 newly converted modern apartments with freehold title and 7 car parking spaces • 18 of the 45 apartments currently let with a potential rental income of £450,000 per annum across all 45 apartments • Freehold title generates an income of £2,950 per annum • Modern specifications with fully fitted bathrooms and kitchens (fitted appliances include modern cooker/hob, fridge freezer and washing machine) • New Build Latent Defects Warranties provided by Ark Insurance Group • Attractive town-centre commuter destination with excellent rail/road links to Birmingham city centre
Location: • Nearest Station: Redditch Station • Distance to Station: 0.2732677577203931 miles
Agent Information: • Address: 61 Mosley Street, Manchester, M2
Full Description: 45 newly converted modern leasehold apartments with the freehold title for the building and 7 car parking spaces. Offers invited. <br /> <br />18 of the 45 apartments are currently let with a potential rental income of £450,000 per annum across all 45 apartments. Leasehold (250 years at peppercorn rents). Attractive town-centre location in the affluent town of Redditch, Worcestershire with excellent road and rail links to Birmingham city centre. <br /> <br />Apartments are finished to a good specification with modern fixtures and fittings, including quality floor coverings and contemporary kitchens and bathrooms, providing a perfect blend of luxury and practicality. Apartments are unfurnished but fitted with white goods including built in fridge/freezers, washing machines and ovens. Lighting is provided by stylish recessed LED spotlights and heating via energy efficient wall-mounted electric radiators. <br /> <br />Apartments to be sold via new 250-year leases. <br />Leases are subject to a Peppercorn Rent only.
