Summary - Wharfside Street, Birmingham, B1 B1 1RG
1 bed 1 bath Apartment
Central investment apartment with parking and concierge services.
Tenanted producing £1,050 pcm (£12,600 pa) income
A one-bedroom apartment in the prestigious Mailbox development, currently achieving £1,050 pcm (£12,600 pa) with a long lease and secure parking. Positioned on the 10th floor, the open-plan layout and city-facing windows offer clear rental appeal and easy maintenance for a buy-to-let portfolio.
Building amenities include a concierge, residents’ gym and gated underground parking — features that support tenant demand and justify premium rents. The lease runs from January 2000 with approximately 108 years remaining. EPC rating C and double glazing are in place; heating is via electric storage heaters.
Important considerations: the property is tenanted, so viewings are limited and it will be sold with a sitting tenant. Ground rent and service charge figures are not confirmed. There is a buyer’s reservation/exclusivity fee (2% of purchase price, minimum £3,000), payable in addition to the purchase price and non-refundable.
This apartment suits an investor seeking immediate income in a high-profile central address. Factor in the unknown running costs and the electrical heating when assessing yield and refurbishment plans.
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