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2 bedroom apartment for sale
Clement Street, Birmingham B1
£190,000
Clement Street, Birmingham B1
£190,000
Our Summary
- Investment opportunity
Description
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This two-bedroom apartment is nestled within the prestigious Arena View Development in Birmingham, offering a convenient location near the vibrant Jewellery Quarter and the bustling Brindley Place. The property is currently tenanted, with a stable rental income of £1275 per month, yielding an impressive 8.1% based on the purchase price. The apartment features a private entrance, an open-plan lounge and kitchen, two bedrooms, and a bathroom, complemented by an allocated parking space within a secure gated complex that includes a security door entry system and a lift. The leasehold property has a remaining lease of 120 years, with a ground rent of £150 and a service charge of £2000 per annum. It falls under Council Tax Band C and has a respectable energy efficiency rating of C. This property presents an attractive investment opportunity with a secure tenancy and excellent local amenities.