Properties

• Newhall Hill Apartments is a freehold block comprising 24 apartments • The whole property is let on a full repairing and insuring lease, to a residential serviced lettings operator for 10 years from Jan-2022 • Benefitting from yearly rental increases from 2025 • Current passing rent is £207,500 pa which increases to £283,978 pa in 2032 as per the agreed increases set out in the lease. The next increase is January 2025, and the rent increases to £215,800 • The building measures approximately 12,636 sq ft NSA *based on EPCs • EPCs all benefitting from ratings of B - C • Benefitting from 0% operational expenditure leakage during the term of the FRI lease • Including 17 car parking spaces • Guide price of £4,250,000, which reflects a 4.88% NIY (which reflects a 6.68% NIY in 2032) Located in Birmingham's Jewellery Quarter