Birmingham 2 sits below the southern fringe on Birmingham City Centre accessible by car or public transport along the A45 in under 10 minutes. The Building is surrounded by a vibrant range of services and amenities including supermarkets, F&B and entertainment.The immediate surrounding area is a huge regeneration project supported by Solihull Metropolitan Borough Council and the West Midlands Combined Authority, the Urban Growth Company (UGC) is a critical catalyst for growth, ensuring that masterplan for the area is fully realised by coordinating investment plans and growth opportunities to create a destination that will attract people and businesses, enabling the vision for The Hub as a key driver of the local, regional and national economies, combining the growth ambition of The Hub’s constituent landowners: Birmingham Airport, Jaguar LandRover, Birmingham Business Park (ready with over 8000 employees), Birmingham International Station, Birmingham NEC Arena.As an economic driver, The Hub will become a globally-renowned point of connection and a major engine for economic growth at a regional and national scale creating 75,000 jobs and £4bn gross value added.The economic powerhouse of UK Central Solihull, and one of four specific areas of Solihull, The Hub is fundamental to the vision of creating a new contemporary district in the Midlands.The Urban Growth Company plans to transform Birmingham International Station into a major transport exchange, as part of its wider plans for The Hub in Solihull. The plan is to create a multi-modal transport exchange, bringing together HS2 high speed rail, existing rail, air, trams, buses, private vehicles, taxis and bicycles through seamless connections to Birmingham Airport, the NEC and the new HS2 Interchange Station by 2025 Leveraging the unique opportunity of location and assets within a central geography, The Hub is one of the most exciting and accessible development growth projects in Europe.
The Development :
Planning Permission granted for Permitted Development transforming the commercial building to 34 x 1 Bedroom and 1 x 2 Bedroom high-quality residential apartments. Work has commenced in October 2018 and will be at Practical Completion by Q2 2019.
Large front visitors parking area for 12 Vehicles and single level Ground floor area for 35 resident parking spaces to the rear.
External materials and internal finishes highly specified.
Located strategically to benefit from the transformation of Birmingham to support growth and infrastructure.
Management company already in place for Block Management and Property Management with 7% ROI.
Development Overview :
Price Range:£120,000 - £150,000
Annual Service Charges estimate:£30,000 including internal, external and lift
Ground Rent: £200 - £250 per apartment per annum