2 bedroom apartment
1 Hagley Road, Birmingham, B16 8JA
Offers Over
£125,000
Key features
- Being Sold By GOTO Reservation Fee Process
- Buyer's fees apply
- Two Bedrooms
- 19th Floor Apartment
- Close to Local Amenities
- Easy Access To Transport Links
- Short Distance Walk To City Centre
- Annual income of £12,600
- Investment yield of over 10%
Property ownership information
-
Tenure
Leasehold
-
Council tax band
C
-
Annual ground rent
£125
-
Ground rent review period
No review period
-
Annual service charge
£2430
-
Service charge review period
No review period
-
Years left on lease
101 years
Note:
All property information is provided as a guide only. You should always check with your solicitor prior to the exchange of contracts.
Description
PROPERTY IS NOW TENANTED WITH AN ANNUAL INCOME £12,600 WHICH EQUATES TO A GROSS YIELD OF OVER 10%!
Purplebricks are pleased to offer for sale this modern apartment located on the 19th Floor with spectacular view overlooking the city, ideal for first time buyer or investment. Walking distance to all local amenities including large supermarkets, cinemas, bowling centre, restaurants and train and bus transport links.
The property comprises of entrance hall, dining area, lounge, modern kitchen, a sizeable bedroom and a bathroom. All the furniture and appliances are sold as seen. The central ventilation system and insulation contribute to not only significantly reduce energy cost but also keep the place quiet and peaceful.
Lease Information 111Year Lease Commencing on 31 January 2014 and expiring on 31 December 2125.
Material Information.
The information above has Material information:
been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.
Property Description Disclaimer
This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.
Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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