Grand Square Studios - Birmingham

Like London, Birmingham has a cultural and amenity mix that is the envy of many world cities

It is the UK's second most populous city, with a population of approximately 1.1million - the next biggest is Leeds with approx 770,000. Birmingham is the UK's largest centre for employment in public administration, education and health. It has six (6!) universities, with around 65,000 students in higher education

The GDP of the urban area is about £90bn, the second largest in the UK

It has more parks than any other European City, with around 6 million trees!

The roots of what Birmingham has become were observed by the Czech composer Antonin Dvorak (1841-1904) - "I'm here in this immense industrial city where they make excellent knives, scissors, springs, files and goodness knows what else, and, besides these, music too. And how well! It's terrifying how much the people here manage to achieve."

This manifests itself today into a vibrant social and cultural hub, and an excellent location for a city centre investment property

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Grand Square Studios - Birmingham

• 38 studios priced from £74,900 to £79,900
• 8% NET assured rent for five years
• 3% interest paid on deposit monies until completion
• Residential and student suitable
• Completion October 2016

Grand Square Studios is a fantastically located turn-key investment, at an affordable entry level with no hidden costs.

Suitable for young professionals and students, and with easy access to the city centre and universities, occupancy is likely to be around 100%

Grand Square offers bright and airy spaces, plus many communal facilities throughout the complex for residents to enjoy. High quality materials are used throughout, and complement the stylish contemporary design.

Studios come fully furnished, with beautiful interiors, kitchens with oven, microwave and fridge/freezer, private en-suite bathroom, separate study and work station

Technology includes free unlimited WIFI broadband throughout, sensor operated hallway lights and flat-screen TV

Communal facilities include library and media room with PCs, heated and covered swimming pool, games room and cinema, communal kitchens/lounge areas and laundry rooms

 

 

• Assured rental yield of 8% NET for five years
• Units priced for £74,900 to £79,900
• 3% on deposit monies from exchange to completion
• Completion October 2016
• A 'hands-off' investment - fully managed
• 250 year leasehold
• Ground rent £500 per year
• Management/service charge approx £1,250 per year (not payable if in 8% net assured rent scheme)
• Solicitor/conveyancing fees £800 inclusive of disbursements

Payment Process

• Choose unit(s)
• Pay £5,000 reservation deposit
• Upon exchange pay 30% (usually within 30 days of reservation)
• 30th July 2016 pay 30%
• Upon completion pay balance

Assumptions:

• Rent assured for first five years
• Capital growth of 4% per annum
• Rental growth of 3% per annum
• Unit purchased at £74,900
• Management and service charge of approx 17% per annum
• Ground rent of £500 per annum included

 

Year	Weekly rent £	Total rent £	Management & service charge + ground rent of £500	Net rent £	Net yield %	Capital value at 4% growth pa
1	150	7,800	1,793	6,007	8.0%	74,900
2	150	7,800	1,793	6,007	8.0%	77,896
3	150	7,800	1,793	6,007	8.0%	81,012
4	150	7,800	1,793	6,007	8.0%	84,252
5	150	7,800	1,793	6,007	8.0%	87,622
6	155	8,034	1,832	6,202	8.3%	91,127
7	159	8,275	1,872	6,403	8.5%	94,772
8	164	8,523	1,913	6,610	8.8%	98,563
9	169	8,779	1,956	6,823	9.1%	102,506
10	174	9,042	1,999	7,043	9.4%	106,606
			Projected returns after 10 years	£63,115		£31,706

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