Project Name: Madison House
Project Location: Wrentham Street, Birmingham
Country: UK
Owner & developer: Seven Capital
Completion Date: June 2017
Project Type: Residential
Project Contains:
One and two bedroom Apartments
24hr concierge & security with CCTV
High spec development
Tenant storage and lockers
6 levels building.
Number of Flats: 141 Apartments
Services:
Lots of storage space
Very bright flats
24 hour concierge
Parking spaces available
Integrated kitchen
Wood effect flooring
Full height wall tiled bathrooms
10year CML warranty
Video intercom system
Project Views: City Centre
Fees:
Service charge: £2.50 per sq. ft. per annum
Ground rent: £350 per annum
Lawyer fees: £750 plus VAT.
Type of investment: Leasehold 125 years
Average Price:
|
Unit Type
|
Gross size sq. m
|
Gross size sq. ft.
|
Price
(£)
|
|
One Bedroom
|
42.1
|
453
|
159,950
|
|
Two Bedroom
|
60.3
|
649
|
199,950
|
Payment:
Down payment 30%
Completion payment 70%
The development:
The development benefits from its proximity to the China Quarter, Professional Banking District and Central Business. As an investment area, Birmingham remains firmly established in the European top 10. At Number 6 in PWC’s recent “emerging trends in real estate report”, the second city is the highest ranked in the U.K, offering fantastic value when compared to other cities like London and Manchester.
Less than a mile from Birmingham new Street Station, Madison House is perfectly placed to capitalise on business growth in the city centre.
Birmingham:
Birmingham is a city and metropolitan borough in the West Midlands, England. It is the largest and most populous British city outside London, with a population of 1.25 million residents within Birmingham and 3.7 million within its metropolitan area.
The city of Birmingham is now a major international commercial centre. Its economy is the second largest in the UK and has six universities making it the largest centre of higher education outside London.
Birmingham is a city led by cultural greatness and is seen as the top UK regional city for quality of life. There are more foreign investment projects than any other English regional city and has been voted among the Top 10 cities in the World.
In recent years parts of Birmingham have been transformed, with the redevelopment of the Bullring Shopping Centre and regeneration of old industrial areas. Old streets, buildings and canals have been restored, the pedestrian subways have been removed and the inner Ring Road has been rationalised.
The Developer:
Seven Capital - Established in 2000, Seven Capital is the pre-eminent residential property developer in Birmingham with a passion for outstanding customer service. Seven Capital converts commercial spaces in key city center locations and transforms them into stunning residential apartments. They also build new apartment complexes in equally desirable locations. Understanding investor needs, they offer a “hands off” property investment service from purchase through the sale - including rental management
Developing buildings such as disused factories, offices and ex-commercial space not only improves the immediate environment, but it also lends the residential space a unique character and a particular integrity that can only be achieved by using buildings with heritage.