The Area – West Bromwich, Birmingham
Birmingham is not only the UK’s largest city outside London, but also one of the country’s biggest financial centres. The relocation of firms such as Deutsche Bank and HSBC will increase the number of affluent professionals making their home here. The diversity of the city’s economy is supported by its reputation as a hub for creative industries and it is
among the UK’s fastest growing centres for digital media ventures. There is a wealth of opportunities for companies seeking to expand or invest in Birmingham.
The city has exceptional connections to local, national and international destinations. It lies at the heart of the UK’s road network and boasts an international airport serving 9 million passengers per year to 140 direct and scheduled charter routes. The proposed HS2 rail link will potentially cut travel time between Birmingham and London to under 50 minutes.
The Development – Metro Lofts
Metro Lofts has been designed to bring joy to both residents and passers-by. Detail, with the use of their in-house expertise has cleverly re-purposed a building that sets a new standard for homes in West Bromwich with a new inviting façade, street-level enhancements and new retail activation with generous, composed layout design.
47 brand new luxury 1 & 2 bed lofts apartments, located in the heart of West Bromwich, Birmingham. With 4 mins walk to West Bromwich Central Tram Station which brings you to the heart of the city in less than 14 minutes. A strong education focus with over 10,000 staff/students across the Central College Campus, Sixth Form Campus, Sandwell College Campus and the Health futures Colleges.
The interior style has been developed and nurtured by experienced design professionals with a keen eye into moving West Bromwich town centre living to an enhanced level with this unique and distinct development.
Key Investment Highlights
- 47, 1 and 2 bed open plan loft apartments
- Prices from £140,000.
- Private working space area on level 2
- Fully integrated kitchen
- Circa 4.25 Meter ceiling height
- Paxton Fob access control to building entrance only
- GSM Door entry control to building entrance
- CCTV surveillance to public areas
- All apartments benefit from a 10 Structural building warranty
- High speed gigabit broadband enabled infrastructure
- 250 Year lease
|
POSTCODE |
B70 6JJ |
|
UNITS |
47 |
|
TYPE |
New Build |
|
UNIT TYPE |
1 & 2 beds |
|
PRICE ENTRY / MAX |
£140,000 / £215,000 |
|
COMPLETION |
March 2021 |
|
RENTAL YIELD P.A. |
5 – 6% |
|
CAPITAL GROWTH P.A. |
4 – 6% |
|
PAYMENT PLAN |
£6,000 reservation fee |
|
20% as deposit (minus reservation fee) 80% on completion |
|
|
GROUND RENT P.A. |
0.10% of property price p.a. |
|
SERVICE CHARGE P.A. |
£1.30 p/sf p.a. |
If you are interested in this development or would like to talk to one of our investment advisers please contact us on admin@hoxton-property.com
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