Summary - Block 11 The Mint, Mint Drive, Jewellery Quarter, B18 B18 6EB
1 bed 1 bath Block of Apartments
**Standout Features:**
- Block of 9 apartments: 3 x 1 bed & 6 x 2 bed
- Total area: 6,681 sq ft (communal area excluded)
- Rental income: £122,820 per annum with rental growth potential
- No SDLT if purchasing through the limited company
- 999-year lease started in 2013
- On-site security and 9 parking spaces
**Potential Downsides:**
- Service charge: £7,323 (above average)
- High crime rates in the area
- Broadband speeds are slow
Discover a prime investment opportunity in Birmingham's vibrant Jewellery Quarter with this block of modern apartments, already generating a solid annual rental income of £122,820 and the potential to increase to £126,000. Comprising three 1-bedroom and six 2-bedroom units, this property offers a generous 6,681 sq ft of living space, meticulously designed for comfort and low maintenance. Enjoy the extra benefit of purchasing the limited company to avoid SDLT, making your investment even more attractive.
Located in a cosmopolitan area with a mix of students and professionals, this block is situated near essential amenities and excellent schools. The property is part of a rapidly developing neighbourhood, promising future capital growth and high demand for rentals. On-site parking and a long lease with zero ground rent further enhance its appeal. While the area has higher crime rates and slow broadband, the potential for modernization and renovation allows for flexible future use. Don’t miss out on this unique chance to own a piece of Birmingham's heritage—properties in this sought-after location are rarely available for long!
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