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favourite this post £176000 / 2br - 798m2 - Serviced Accommodation 8% yield Assured for 3 years (West Bromwich city centre) hide this posting unhide

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2BR / 0Ba 798m2

apartment

Intro
The development is located at a premium residential area of ​​West Bromwich city centre. It's only 5-mins' walk from the underground station and a 16-mins' subway ride to Birmingham city centre. The neighbourhood is surrounded by restaurants, parks, offices, retailers, schools, etc., which it's 11 mins' walk to Sandwell College.
The reason for this development's high popularity is its rental income. The developer provides long-term and short-term guaranteed rental income, up to 3 years of 8% assured yield, and it welcomes renewal afterwards. In addition, the developer provides future exit or resale services, including a 110% buyback by the developer, which considerably reduces investment risks.

Investment Highlights
Recommended use as serviced accommodation
Flexibly allows use as self-occupation, long-term or short-term let, which generates higher returns
Assured rental income:
Long term let - 1. 1 bed £550-575 pcm,2 bed £650-675 pcm;OR
Short term let- 8% returns for 3 years, contract can be renewed after, with no lower than 5% yield or at market price, whichever is higher
The developer provides future exit or resale strategy, including a 110% buyback by the developer, which highly reduces investment risks.
【Remaining few units】

Transportation
Located in the heart of West Bromwich city centre, close to Birmingham city centre
West Bromwich City Centre Premium residential district
5 min's walk to underground station,easily access to all areas in Birmingham
Retails, restaurants, bars, offices, schools are all within walking distance
Birmingham and its adjacent areas will benefit from the future HS2 train, which will lead to higher speed and more direct to UK's major cities such as London, Leeds and Manchester.

Property Specialty
Developed by Trivelles International, an experienced development group with proven track record
5 storeys of 41 stylishly designed and modern apartments
Beautifully set rooftop terrace
Parking spaces are available to purchase
Furniture packs are available to purchase
10-years build warranty, including physical damage of the property
​Deposits are protected by the UK insurance compan
Leasehold:250yr
Ground rent:£250/yr
Service charge:£690-1037/yr (depending on unit styles)
Expected to complete by Q4 2019


Prices
​1 bed Standard | 554 sqft | £140k
​1 bed Large | 604 sqft | £153k
​2 bed | 798 sqft | £176k

Purchase Process
£5,000 Reservation fee
20% upon Exchange of Contract(minus £5,000)
80% upon completion(accept cash and mortgage)
  • do NOT contact me with unsolicited services or offers

post id: 6924208576

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