SmithField Square Birmingham City Centre
Edifice Invest are proud to release Phase one of Smithfield Square Birmingham city centre, 105 luxury one, two and three bedroom apartments located on Rea Street B5 6BB 10 minute walk from Curzon street home to the HS2 station.
One bedrooms from £159,995- £174,995
Two bedrooms from £219,995- £264,995
6%
Yield
Starting From
£159,995
Overview
Smithfield Square Birmingham Central
OPTION 1 - 'Monthly & Mortgage Plan
Purchase price £159,995.00
Legal Fees (estimated total costs & disbursements) £850.00 Total amount due £160,845.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 3% £4,799.85
Legal Fees £850.00 Reservation / Exchange stage total due £5,649.85
MONTHLY DEPOSIT PAYMENT STAGE £47,998.50
Deposit divided by 24 months build schedule £1,999.94
COMPLETION STAGE Balance payment -
by way of mortgage or cash £107,196.65 Initial mortgage arrangement fee (if applicable) £999.00 Amount due at Completion Stage £108,195.65
INCOME per month per annum
Estimated gross rental income £750.00
£9,000.00 Estimated gross rental yield based on above 5.63%
EXPENSES
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Tenant Management fees @12.5% +vat 12.5% £1,350.00
£2,650.00 INCOME NET OF EXPENSES £529.17 £6,350.00
OPTION 1 - 'Monthly & Mortgage Plan
Purchase price £159,995.00
Legal Fees (estimated total costs & disbursements) £850.00 Total amount due £160,845.00
RESERVATION / EXCHANGE STAGE
Initial Reservation Deposit - 3% £4,799.85
Legal Fees £850.00 Reservation / Exchange stage total due £5,649.85
MONTHLY DEPOSIT PAYMENT STAGE £47,998.50
Deposit divided by 24 months build schedule £1,999.94
COMPLETION STAGE Balance payment -
by way of mortgage or cash £107,196.65 Initial mortgage arrangement fee (if applicable) £999.00 Amount due at Completion Stage £108,195.65
INCOME per month per annum
Estimated gross rental income £750.00
£9,000.00 Estimated gross rental yield based on above 5.63%
EXPENSES
Service Charge (estimated) £1,000.00
Ground Rent (estimated) £300.00
Tenant Management fees @12.5% +vat 12.5% £1,350.00
£2,650.00 INCOME NET OF EXPENSES £529.17 £6,350.00
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