1 bed flat for sale

Dean House, Upper Dean Street, Birmingham B5

For Sale by Modern Auction! A great opportunity for a buy-to-let landlord looking for a hassle free investment. Maintenance of fixtures and fittings paid for by the tenant, Premier Apartments who have been there since 2006.

Another great investment opportunity on the 3rd floor of Dean House offered by Martin & Co. Property investment opportunities like this don't come along often. Purchase this well presented City Centre apartment which is within minutes walk to the Bullring and have the money roll in from day one. If you are a landlord looking to have a hassle free investment where you have very little management to do on the property then look no further. For those of you that are not so familiar with the area, then it is worth noting that Dean House is located within walking distance to the planned HS2 train station at Curzon Street, as well as New Street and Moor Street Stations. The development is also located right within the heart of the area which will become known as Birmingham Smithfield, one of the largest City Centre regeneration schemes in history worth £1.9bn. So if you're looking for capital growth then this could prove to be a sound investment.

Now for the numbers...The apartment is currently leased out to Premier Suites who are an established serviced apartment company who operate worldwide. They have guaranteed a rent of £728pcm, which gives a 9% yield. The current contract with Premier Suites runs until August 2026 and the contract has been in place since 2006. Premier Suites are responsible for any maintenance to the fixtures and fittings within the apartment. This includes items such as the flooring, kitchen units and electric boiler. If you like what you hear and the numbers stack up, then give us a call as this apartment will be snapped up quickly!

Room sizes:
Hallway
Storage Cupboard
Open Plan Living - 7.02m x 3.21m (23' x 10'6")
Bedroom 4.03m x 2.59m (13'3" x 8'6")
Bathroom 2.12m x 1.52m (7' x 5')

leasehold information:
Service charge - £1097 pa
Ground rent - £150 pa
Lease length - 125 years remaining on the lease since March 2005

Lease, ground rent and maintenance details have been provided by the seller and their accuracy cannot be guaranteed. Should you proceed with the purchase of this property, these details must be verified by your Solicitor.