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Birmingham city centre apartment is a good investment

The flat is in Dean House in Upper Dean Street, which means it is handily placed for access to the Arcadian and the Bullring.

Dean House in Upper Dean St, Birmingham
Dean House in Upper Dean St, Birmingham

An investment opportunity for a buy to let landlord has come up in the city centre in the form of this smart apartment.

The flat is in Dean House in Upper Dean Street, which means it is handily placed for access to the Arcadian and the Bullring.

It is currently leased out to Premier Apartments, an established serviced apartment company, and they have guaranteed a rent of £695 a month.

Dean House in Upper Dean St, Birmingham
Dean House in Upper Dean St, Birmingham

It has been let to a long term tenant since 2005 and the maintenance of fixtures and fittings (which includes items such as flooring, kitchen units and boiler) is paid for by them.

The rent is due to increase by five per cent this month. The current contract with Premier Apartments runs until March 2016 when a new agreement can be negotiated.

Dean House in Upper Dean St, Birmingham
Dean House in Upper Dean St, Birmingham

The apartment is made up of an entrance hall with storage cupboard, a large lounge with kitchen at one end and glazed doors that open to a Juliet balcony at the other, a double bedroom and a bathroom with bath and shower over, pedestal basin and toilet.

It is for sale at £115,000 through Martin & Co on 0121 427 2020 and the vendor is searching for a cash buyer.

Dean House in Upper Dean St, Birmingham
Dean House in Upper Dean St, Birmingham

 

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