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West Bromwich – Birmingham From £108,000 Est. 14% P.A. Corporate Lets

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INVESTMENT OVERVIEW

Residential Investment:

Stylish apartments in one of the West Midlands’ fastest developing districts

A multi-million pound renovation of an iconic office building, offers a mix of one and two bedroom apartments that are ideal for young professionals, in an area that is growing in population but hugely undersupplied.

The development is ideally located on the High Street, (original HQ of West Bromwich Building Society) with many on-the-door-step amenities.

The 105 residential units will provide well-equipped, high-specification  accommodation while the building boasts an impressive entrance lobby, CCTV and secure cycle storage.

Market Overview

Birmingham

300,000 New Jobs

Created in the last 7 years

Est. 1,186,000

Population by 2028

£29 Billion

GVA by 2030

Birmingham is a key component of the West Midlands Combined Authority (WMCA) area, which is working closely with the Greater Birmingham Local Enterprise Partnership. Together, they have set ambitious targets for economic growth over the next decade.

Birmingham has a growing population, a rising employment rate, a £3.2 billion Covid-19 Recovery Plan and it is host to the 2022 Commonwealth Games.

The HS2 High Speed Railway, will make a huge difference to Birmingham and WMCA states that it will be making an investment of £306 million to turn “HS2 and the 2022 Commonwealth Games into jobs for local people”  With a target of 33,000 new jobs.

Project

Stunning one and two bedroom apartments in West Bromwich town centre


Types
Apartments
Bedrooms
One and Two beds
Price
£108,000 - £145,000
Completion
July 2022
Tenure
250 yr Leasehold
Planning
Residential
Parking
£12,000

Investment

Highly sought-after rental properties on commuter belt


Rental #1
Long-term let
Return Est. 1
8% p.a. gross
Rental #2
Short-term lets
Rental Est. 2
14% p.a. gross
Payment Plan
20% / 80%
Fully Managed
Yes
Mortgage-able
Yes

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