Residential Property Tax Update -January 2017

Report available for download now

Residential Property Tax Update January 2017

Global Tax Report 2017

Report available for download now

Global Tax Report 2017


Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

Honduras Wharf, Summer Lane, Birmingham, B19

This development has a desirable canal-side location adjacent to the historical Jewellery Quarter of Central Birmingham. This is the city’s most vibrant and creative location with a new generation of independent restaurants, bars and artisan coffee shops. It is situated within walking distance of Birmingham’s Banking District, along with being within easy reach of the city’s 5 Universities, making it ideal for professionals and students alike.

With record visitor numbers, more jobs than ever being created from increasing inward investment, and the largest infrastructure investment for a generation, Birmingham has never been so attractive for property investment.  

Developer

Elevate Property Group.

Architect

D5 Architects.

Overview  

  •        125 year leasehold.
  •        Yields circa 5.5% - 6.5%.
  •        Key fob entry system.
  •        Parking available for larger units.
  •        99 apartments including 5 penthouses.
  •        M6 Motorway 2.2KM.
  •        Aston University 1.2KM.
  •        Children’s Hospital 1.1KM.
  •        HS2 Headquarters 500m.
  •        Bullring Shopping Centre 1.6KM.
  •        Snow Hill Station 600m.
  •        Central Business District 800M.
  •        HSBC Headquarters 1.1 KM.
  •        The Cube & The Mailbox 2KM.
  •        The Library of Birmingham 1.4KM.
  •        St Paul’s Square 500M.
  •        Brindley Place 2KM.
  •        Prices from £135,000.

Connectivity

The major infrastructure improvement of HS2 will begin work in 2017 and will cut Birmingham-London train journey times from 1hr 21min to 49min. This will greatly connect the city to the Capital and has already encouraged many businesses to move there.

The existing New Street Station, with North & South connections and 2 stops away from Birmingham Airport, is only a short walk away.

Estimated Completion

Q1 2017.

Estimated Service Charge

£1.45 per sq ft without parking. Approx. £1.60 with Parking.

Key Reasons to select Birmingham

1)       PROPERTY INVESTMENT

Birmingham is an attractive residential property investment location — it is the UK’s second largest conurbation after London. In 2015 Birmingham was named the most investable city in the UK for a second year running named above the likes of Milan, London and Paris in an annual survey of European investors’ intentions, which named it the sixth best place to invest money on the continent. (Source: Urban Land Institute)

2)       JEWELLERY QUARTER

Dating back more than 250 years, it is still home to more than 500 jewellery businesses and is the city’s most successful regeneration area.

3)       HS2 (High Speed 2)

Birmingham will be a mere 49 minutes or so from the UK’s capital; the new railway service will put Birmingham within London’s commuter belt. HS2 will play a vital role in boosting jobs, skills, growth and regeneration. HS2 Ltd’s headquarters in Birmingham is the heart of HS2.

4)       POPULATION 

Birmingham’s numbers are set to grow by 8% over the next 6 years, creating an increased demand for new homes.

5)       BIG CITY PLAN

The plan identifies five key areas of development worth £10 billion. It demonstrates how the city’s population will grow providing more than 5,000 new homes and 50,000 new jobs. 

6)       CITY SUPPORT 

The Greater Birmingham area welcomed more foreign investment than any other local enterprise partnership zone in the country. Incoming firms have cited transport links, affordable space and a strong talent pool as major draws.

7)       EDUCATION 

The city’s 5 universities and 4 major colleges provide a world class learning environment supporting over 73,000 undergraduate and postgraduate students. 

Payment Terms

  • £2,500 reservation fee.
  • 10% on exchange (less reservation fee).
  • Further 10% payable 1st November.
  • 80% upon completion.

 

 

For further information on Honduras Wharf please contact Dominic Heaton-Watson

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