Tameway Plaza Walsall

Tameway Plaza brings all of the high street favourites, coffee houses, pubs and restaurants and offers investors a estimated 6.6% net rental return.

HIGHLIGHTS:

  • Prices from £99,995
  • Estimated 6.6% NET rental return
  • Completion: Q3 2019
  • 143 one-bedroom and two-bedroom apartments
  • Leasehold: 125 years (commencing 1st January 2017)
  • Walsall's tallest building
  • Less than 10 minutes to Walsall Rail Station
  • Developer: Prosperity Developments

 

 

INTRODUCTION:

In the historic town of Walsall, Tameway Plaza is a stunning mixture of 143 spacious one and two-bedroom apartments in Walsall's tallest building at 12 storeys high. Investors will enjoy a healthy 6.6% estimated NET rental return on the stunning property.

 

 

OVERVIEW:

Only a short walk to cultural coffee houses and restaurants and highly revered transport links, the progressive structure, is an excellent source of accommodation in a town brimming with heritage.  Offering estimated 6.6% NET rental yields, these apartments offer a beautiful source of natural lights thanks to the oversized windows. Matched by the contemporary open plan living and dining space, Tameway Plaza is the model of style, luxury, and comfort. Completed with high-grade custom-built kitchens and chic bathrooms, this property is setting the tone for property in Walsall.

 

 

PAYMENT STRUCTURE:

  • Reservation Fee: £3000
  • Exchange: £850 legal fees
  • Monthly Payments: Deposit is then divided by the number of build term months and paid on a monthly basis
  • Competition: Remainder of balance is covered by rental return over 8 years

 

Payment Option 1

Pay an initial 3% payment towards your deposit (minimum of £3000) plus £850 legal fees. A deposit of 48% is then divided by the number of build term months and paid on a monthly basis. Upon completion, remaining payments are covered by rental income over 8 years. This option is perfectly suited to clients without large lump sums accessible or those who'd prefer to keep existing investments where they are. Payments are made across an average build term of 24 months.

 

Payment Option 2

Pay 8 payments of 12.5% across a scheduled two-year period – at the 24th month you can either retain the property and receive the rental income for life, or look to sell the property in the open market.

 

Payment Option 3

Pay a 3% initial payment towards your deposit (minimum of £3000) plus £850 legal fees. Your 30% deposit is then divided by the number of build term months and paid on a monthly basis.

This option is perfectly suited to clients without large lump sums accessible or those who'd prefer to keep existing investments where they are. Payments are made across an average build term of 24 months.

 

 

FINANCIALS:

Tameway Plaza offers an estimated 6.6% NET rental return.

See table below for an example of the amount of returns you could earn:

 

UNIT YEAR 1YEAR 5YEAR 10YEAR 15
£100,000£6,600£33,000£66,000£99,000

 

 

 

WHY INVEST IN WALSALL?

Boasting links to Birmingham, Wolverhampton, Sutton and West Bromwich, Walsall offers fantastic commuting links. With the growing job infrastructure from Homeserve, Jaguar, and Landrover, the demand for new housing has risen, which Walsall has struggled to meet. With over £300m over the best 2 years to support Birmingham as a second city including the HS2, Walsall is an untapped market for the growing population of 269,323, perfect for the shrewd investor.

 

For further details call (0)20 8445 6542 or email info@tarquinjones.com.

 

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Contact Us

Headquarters

Balfour House, 741 High Road,
North Finchley, London, N12 0BP

Call Us

+44 (0)20 8445 6542

Email Us

 info@tarquinjones.com

info@tarquinjones.comTameway Plaza – Walsall