Investors Dream. Guaranteed 5.6% returns on rent investment. Luxurious apartment receives yearly return on rent of £33,600 per year guaranteed for 5 years totalling £168,000 Please see details. Treat yourself to the benefits.Better return than money in the bank.
Sale £595,000 gives Guaranteed yearly return on rent £33,600 guaranteed for 6 years equaling £168,000
Net paid on investment over 5 years £150,447
Terms: The buyer allows Century21 Sutton Coldfield to Manage the property for 5 years Guaranteeing rent of £168,000 over 5 years
Century21 management charge is 9% on the rental £35,700 per year therefore management charge £3,213 inc vat per year
The service charge on the apartment is £2,397.52 per year
The Guaranteed return is £35,700 per year
Management charge £3,213 per year
Service charge £2,397.52 per year
Net Guaranteed return per year £30,089.48
Equates to net 5.06% on investment
Guaranteed for 5 years
Total return £150,447 paid into Buyers bank
Welcoming Reception Hall.
Having useful store rooms with doors to cloaks cupboard and airing cupboard
Kitchen (4.9m x 2.74m)
Stunning Fitted Breakfast Kitchen, fully equipped with contemporary neff appliances including an induction hob with extractor hood over, built in microwave, state of the art self cleaning oven, plate warmer, dishwasher, washing machine and separate refrigerator and freezer. The kitchen is fitted with a drop down TV and a range of cabinets complemented with under unit spot lighting and granite work surfaces with inset stainless steel sink.
Spacious Lounge 2 (8.59m x 6.91m)
Having a feature bay window facing the rear with double French doors opening out onto the apartments own private sun terrace, wall mounted heaters, space for dining table and double doors
Master Bedroom 1 (4.93m x 4.24m)
A light room located at the rear of the property with wall heaters, a large feature bay window overlooking the rear and door to en-suite and Fitted wardrobes and dressing table. 225mm high profiled skirting and bespoke architraves. Contemporary brush finished light switches and socket plates
Master Bedroom One Dressing Room - 1 (3.58m x 1.63m)
Having fitted shelving, hanging rails and lighting
Master En-suite Bathroom One - (3.18m x 1.88m)
With a suite comprising a fitted bath, two sink units and W.C and shaver point, wall tiles and flooring tiling complemented with under floor heating.
Master Bedroom Two - (4.8m x 4.75m)
Having a feature bay window facing the rear, wall heater, door to en-suite and door to dressing room. Fitted wardrobes; 225mm high profiled skirting and bespoke architraves. Contemporary brush finished light switches and socket plates
Master En Suite Shower Room Two - (2.49m x 2.24m)
Having a large shower enclosure, W.C, sink unit with tiling to the walls, chrome ladder style heated towel rail, shavers point, extractor fan and floor tiling complemented with under floor heating.
Master Dressing Room Two - (2.49m x 2.24m)
Having fitted wardrobe and lighting
Bedroom Three (4.4m x 2.86m)
This room has been used for office, bedroom and dining room.
With W.C, wash basin, wall tiles and floor tiling.
Two additional storage cupboards.
This fully equipped gymnasium comes complete with air conditioning, TV and state of the art equipment from running and cycle Machines to weight lifting equipment
Landscape Sun Terrace
The complex boasts landscaped communal gardens with a sun terrace and water feature
The apartment comes with two allocated parking spaces and the property is accessed via large electronic gate with remote
Royal Court Development Description
Within a short walk of Sutton Park, Royal Court owners will enjoy being at the heart of Sutton Coldfield with its renowned quality amenities. The park itself is the largest area of urban parkland in Europe, once said to be the hunting ground of Henry VIII. It is a superb haven for walking, featuring seven lakes and 2,400 acres of woodland, where you can take life at a more sedate pace.
The town centre ensures all your shopping needs are close at hand. A mixture of high street brand names and smaller, independent shops, Sutton Coldfield provides individuality whilst retaining a real sense of community values. Just a few miles away is Birmingham City centre, home to the Bullring, Midlands premier shopping venue.
Local schools include the excellent Sutton Coldfield Girls Grammar School and Bishop Vesey Grammar School. Sutton Railway Station is within half a mile of the development.
Royal Court also enjoys easy access to a wider area for business or pleasure.
The M6, M6 Toll and M42 motorways are within easy access, making it simple to reach Birmingham International Airport and The Belfry.
Service Charge is Per annumis £2,397.523
Council Tax BandingE - for 2019 / 2020 is £2009
Share of Freehold- 1 / 22 share
Currently the lease is 110 Years and the member can increase it to 999 years at no cost
Council Tax Band E
Strictly by appointment through out Century21 Sutton Coldfield Office on or .
Property sold by a connected person
|Property Type||%||Avg. current value||Avg. # beds||Avg. # bathrooms|
|Property Type||1 Bed||2 Beds||3 Beds||4 Beds||5 Beds|
|Houses||£119,000 (1)||£235,000 (3)||£388,012 (33)||£647,240 (29)||£1,552,000 (15)|
|Flats||£154,600 (5)||£234,579 (12)||£422,000 (5)||-||-|
|All||£148,667 (6)||£234,663 (15)||£392,484 (38)||£647,240 (29)||£1,552,000 (15)|