Westminster Works Birmingham

Westminster Works is a collection of luxurious, loft-style apartments in one of Birmingham city centre's most sought-after districts, Digbeth and offers an estimated 6% return.

HIGHLIGHTS:

  • Estimated 6% NET rental yield
  • Prices starting from £173,441
  • 220 one and two-bedroom apartments
  • Completion: Q1 2021
  • Leasehold: 250 years
  • Prime city centre location to benefit from HS2
  • 14-minute walk to Bullring
  • 20-minute walk to Birmingham New Street Station
  • Facilities include parcel delivery service, 24 hr security, and David Phillips furniture packs

 

 

INTRODUCTION:

Westminster Works is luxury living in the coveted district of Digbeth. A collection of 220 one and two-bedroom loft-inspired apartments across 7 floors, investors will enjoy 6% estimated NET rental yields, selling from £190,150.

 

 

OVERVIEW:

Where residential meets industrial. Westminster Works feeds off the imagination flowing through Digbeth, Birmingham's creative quarter to provide elegant living in the warehouse inspired property. With a 6% return for investors, Westminster Works offers the finest of luxury living to meet the demand for state-of-the-art accommodation in Birmingham. Positioned in the heart of Birmingham's proposed HS2 transportation link, Westminster Works, will be an ideal property for tenants commuting up and down the country. Additionally, the property located within the Southern Gateway £1 billion regeneration zone offers a vibrant lifestyle from Birmingham's thriving culture scene. The fully fitted kitchen including ceramic hobs and spacious bathrooms featuring Bristan brass wear and heated towel racks, offer a stunning living space matched by the American white oak veneered apartment entrance doors, double-glazed windows and patio doors. To complement the high specification apartments, Westminster Works provides audio door entry, smoke detectors, carbon monoxide detectors and lift access to all floors. To adhere to the growing demand for luxury living, Westminster Works, offers parcel and food delivery services, smart technology, communal courtyard and more. The extensive facilities offered, coupled with the coveted Digbeth location, this opulent residential property is a fantastic investment opportunity in a city undergoing mass regeneration.

 

 

PAYMENT STRUCTURE:

  • Reservation fee: £5000
  • Exchange: 25% (minus reservation fee within 28 days)
  • Completion: Balance

 

 

FINANCIALS:

Westminster Works offers investors 6% NET rental yields with a 250-year leasehold.

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

 

UNITYEAR 1YEAR 5YEAR 10
£190,000£11,400£57,000£114,000

 

 

WHY INVEST IN BIRMINGHAM?

As the second largest city in the UK, Birmingham is identified as a global source of opportunity with business, financial and professional services making up for 500 companies, employing 35,000 people. The significant strategic development has seen major international businesses including HSBC and Deutsche Bank relocating to the thriving city.

Rich in culture, Digbeth, an established creative sector featuring spaces such as Fazeley Studios, is a hub for digital media, gaming and arts companies, mirroring the creative atmosphere of London. Evolving as a beacon of scientific development, Birmingham is home to various research centres including Birmingham Science Park Aston. The culmination of these factors has led to an increase in young professionals living in Birmingham, to the extent of under 25-year olds answering for 40% of the city's population.

The extensive regeneration, most notably the HS2 train and New Street station £770 million redevelopments will result in a skyrocketing increase in population desiring high-quality accommodation to mirror the standard of the standard, is the very reason Birmingham is a prime opportunity to invest in.

 

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

AdminWestminster Works – Birmingham