Fully managed luxury apartments with secured 7% net return for 5 years with buyback option at year 5 in Birmingham from Gbp89.000 featuring exceptional amenities

Fully managed luxury apartments with secured 7% net return for 5 years with buyback option at year 5 in Birmingham from Gbp89.000 featuring exceptional amenities

Ref: UKBIRAV2
99.500€ 30 1 1
Investment
New build - Apartment - Birmingham - Birmingham

Features

  • Energy rating: In process
  • Elevator
  • Private Parking
  • Garage
  • Furnished
  • Barbecue area
  • Central heating
  • Nice views
  • Electrical Appliances
  • Open Kitchen
  • Lounge
  • Fully Equipped
  • Stunning Kitchen

Description

Modern development of fully serviced apartments offering five-star luxury in Birmingham. A choice between a studio, 1 and 2 bedroom apartments at a great urban location, prices start from Gbp89.000 with park or city views.

Stylish, contemporary interior design, fully-furnished new and spacious apartments including all amenities - fitted kitchenette with utensils, microwave, oven, fridge - with a private en-suite bathroom in modern setting. The living room is tastefully decorated, has a fitted large flat screen TV with satellite channels and DVD player. The property is at a very convenient location, only 10-minute drive from the city centre. This could be an ideal home for professionals working in the city, and those looking to reside in a safe, secure and prestigious environment.

There are 3 options available regarding the occupancy of the apartments:

  • 1.Owner occupation
  • 2.Self-manage or let out using a third party agent
  • 3.Sublease to designated Management Company for Guaranteed Rental Returns: a. 7% rental returns over 5 years' term; 1st full year rental in advance within 45 days of completion
  • The developers offer a buyback option at year 5 of 100% of the purchase price

As you enter the building, there is an elegant, fully attended reception with lobby, concierge facility, 24 hours' security, secure car park, on site convenience store, modern lift, fully equipped business Centre, gymnasium, laundry room, children's play area, roof-top terrace with beautiful panoramic views, BBQ area, restaurant, bar.

The property has easy transport links to the City Centre, it is a few minutes walk from the Perry Barr Train Station, close to a tranquil Perry Park and One Stop Shopping Centre. 4 major UK universities are within easy reach. Birmingham international airport is merely 11 miles away, easy access to M6 motorway

There is a choice of floor to ceiling height:

Ground Floor: 2.725 meters

Upper Floors: 2.825

The payment plan is:

10% Deposit upon Reservation

30% Upon Exchange (strictly within 14 days of reservation)

60% Upon Completion (December 2016 )

All property owners will have to pay following 2 annual charges:

1. Ground Rent – payable to the developer

2. Service Charges – payable to the company responsible for managing the communal services and overall building site. They include: Energy Bills for communal areas; maintenance of Communal heating system; maintenance of all other communal services; landscaping, communal parking services; cleaning of communal areas, lift maintenance.

Property owners who sublease their individual apartments for 5 years for guaranteed rental returns will NOT have to pay following 3 types of charges for their apartments:

1. Letting & management fees;

2. Repairs & maintenance charges;

3. Utilities Bills, Water Rates & Council Tax

Ground Rent

  • Studio: £400 per annum
  • One bedroom £500 per annum
  • Two bedroom: £600 per annum
  • Service Charges based on estimate for Year 1

  • Studio £1,200 per annum
  • One bedroom £1,500 per annum
  • Two bedroom £1,800 per annum
  • For further details and other residential or commercial investment opportunities please refer to our website www.ecsmproperty.uk.com ordrop us an email on ec@ecsmproperty.uk.com. Our multilingual staff will be on hand to assist you. We look forward hearing from you.

  • Location

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