Summary - LUDGATE LOFT APARTMENTS, 17 PENTHOUSE 5 LUDGATE HILL BIRMINGHAM B3 1DW
10 bed 5 bath Land
Freehold mixed-use building totalling 8,448 sq ft, fully income-producing
Includes canal-side restaurant tenant with strong covenant (approx. 4,000 sq ft)
Five recently refurbished two-bed apartments, all currently let
Prominent corner position with dual access and high visibility
Electric room heating throughout — higher operational running costs
Local area recorded as very high crime — affects insurance and management
Buyer's fee applies: 1.5% plus VAT of purchase price
Services and appliances not tested; buyers must verify independently
A rare freehold mixed-use opportunity in Birmingham’s Jewellery Quarter, offered with immediate income from a canal-side restaurant and five refurbished two-bedroom apartments. The prominent corner building totals 8,448 sq ft, benefits from excellent visibility on Ludgate Hill and dual access from Ludgate Hill and Water Street. All residential units were recently renovated and are currently let, providing an operational asset for an investor seeking rental cashflow and future capital uplift in a high-demand postcode.
The commercial element (approx. 4,000 sq ft NIA) is let to a well-known restaurant operator, offering a strong covenant and diversification of income across commercial and residential tenancies. Apartments retain period features such as high ceilings, exposed trusses and large industrial-style glazing while delivering contemporary finishes that appeal to professional tenants and sharers.
Buyers should note material practicalities: heating is by electric room heaters, communal services are minimal, and there is a stated buyer’s fee (1.5% + VAT). Crime levels in the immediate area are described as very high — a factor to consider for insurance, management costs and tenant mix. Utilities and major services have not been tested; purchasers should verify all service and testing details independently.
Overall this is a well-located, income-producing freehold with immediate cashflow and scope for future rent reviews or asset management initiatives. It suits long-term investors seeking a hands-off income stream in a sought-after central postcode, provided they factor in running costs, insurance and proactive property management.
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