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Studio for sale

£49,950 (£456/sq. ft) Fixed price

Avix Business Centre, Birmingham B16

1 110 sq. ft*
Interested in this property? Call +44 20 8033 9433 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Great Investment opportunity
  • 8% net rental income per year
  • 2 year rental income will be paid in advance
  • Exit Strategy - 110% after 5 years.

Property description

Avix Business Centre are commercial serviced offices and consists of 5 storey building with beautiful skyline views from the top floor. Two million pounds were lavished to refurbish this building and restore it to its pride and glory. Reception services available such as typing, copying, scanning, postage, dry cleaning, shoe repairs, key cutting.
Features:
8% net rental income for 5 years.
Only available for investment purpose for first 5 years however after 5 years, you can either renew the rental agreement with the management company or you can use/ manage / let it your self whatever you choose to do.
First two years rental income is paid in advance.
Exit strategy available after 5 years minimum at 110% of the purchase price thus making it a totally secure investment.
The price £49950 is for 2 desk office, £67950 for 3 desk office.
Limited availability of 2 desk and 3 desk offices.
Best and secure Investment opportunity.
Market activity
Average price paid £207,730 Sales 230 Current average value £209,560 (Zoopla Zed-Index) Value change £8,747 ▲ 4.36%

Property value data/graphs for B16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £376,478 £229 4.2 £331,413
Semi-detached £272,863 £223 4.2 £232,794
Terraced £157,791 £206 3.2 £154,097
Flats £194,508 £292 1.8 £179,019

Current asking prices in B16

Average: £228,289
Avg. current asking prices in B16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £110,000
(1)
£112,500
(2)
£199,315
(12)
£338,835
(13)
£312,488
(4)
Flats £143,719
(47)
£219,286
(50)
£749,000
(5)
- -
All £143,017
(48)
£215,179
(52)
£360,987
(17)
£338,835
(13)
£312,488
(4)

Current asking rents in B16

Average: £816 pcm
Avg. current asking prices in B16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £421 pcm
(33)
£647 pcm
(3)
£911 pcm
(9)
£1,126 pcm
(19)
£1,410 pcm
(11)
Flats £579 pcm
(121)
£887 pcm
(109)
£952 pcm
(10)
£949 pcm
(2)
-
All £545 pcm
(154)
£880 pcm
(112)
£933 pcm
(19)
£1,109 pcm
(21)
£1,410 pcm
(11)

Fun facts for B16

Highest value in B16
Highest value streets Zed-Index
Vernon Road £431,881
Manor Road North £395,183
Clarendon Road £365,752
Selwyn Road £357,883
Roebuck Road £324,238
Highest turnover in B16
Highest turnover streets Turnover
Ashton Croft 48.0%
Deer Park Road 41.7%
Newnham Road 40.0%
Holly Road 34.6%
Symphony Court 33.8%

What Zoopla users think of Edgbaston

Overall rating:

  • currently 4 stars
Very good - 81% (189 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4.5 stars
Transport & travel

Rate Edgbaston:

Tell us what you think of this area by rating these categories.
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Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Five Ways (0.5 miles)
  • Birmingham New Street (1.2 miles)
  • Jewellery Quarter (1.3 miles)
  • Birmingham International Airport (7.5 miles)
  • Coventry Airport (20.0 miles)
  • East Midlands Airport (35.3 miles)
  • Sharpness Old Docks (56.8 miles)
  • Lydney Harbour (58.2 miles)
  • Bristol Docks Ferry Landing (74.7 miles)

Nearby schools

View all schools in Birmingham
  • St George's Church of England Primary School (0.2 miles)
  • St John's and St Peter's CofE Academy (0.4 miles)
  • Hallfield School (0.4 miles)
  • St Georges Academy (1.5 miles)
  • Birmingham Ormiston Academy (1.7 miles)
  • CUL Academy Trust (2.4 miles)
  • St George's School Edgbaston (0.3 miles)
  • Edgbaston High School for Girls (0.4 miles)
  • Perry Beeches III the Free School (0.7 miles)
Note: Distances are straight line measurements

Local info for Birmingham

About the neighbours in B16

AskMe Q&A for Birmingham

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

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For more information about this property, please contact
Fraser Properties, IG11 on +44 20 8033 9433 * (local rate)

Monthly running costs Beta

£272 Monthly total

Mortgage

Purchase price
Deposit (10%) 4,995
Repayment term 25
Interest rate 1.5
Your payment £179 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £21/mo (£252/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £20 Electricity £28 Estimated energy cost £48/mo

Similar properties could save up to £192

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Water

Supply £9 Sewerage £15 Estimated water cost £24 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Fraser Properties about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fraser Properties, and do not constitute property particulars. Please contact Fraser Properties for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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