The Pressworks, Birmingham

Description

• One Bedrooms from £199,000
• Two Bedrooms from £342,000
• Three Bedrooms from £442,000
• 6% Estimated Rental Yield
• 15% Deposit Required
• 999 Lease
• Courtyard and Outdoor Space

The Pressworks is located in the heart of Birmingham's prestigious Jewellery Quarter. Just moments from the famous St Paul's Square, The Colmore Business District and Birmingham City Centre, the development occupies a premier location in the city's most desirable district.

The Pressworks has been designed to preserve the site's working heritage whilst creating a place fit for the modern world. Demonstrated through the restoration of the original grade II listed building and the addition of new build elements, The Pressworks is the finest example of history and contemporary design seamlessly combining to create a unique place.

WHY BIRMINGHAM
• £120 billion regional economy
• +16.4% predicted Gross Value Added (GVA) increase by 2030
• 45 mins to London via HS2 (due to open by 2033)
• 80,000 students, the 2nd largest student population in the UK
• Home to 110,000 companies and over 715,000 employees, largest concentration outside of London
• Host city for Commonwealth Games 2022, expected to reach 1.5 billion viewers globally
• 60% of the city’s population younger than 35
• +28% rental market growth since 2009
• +24% predicted growth for West Midlands over next 5 years

THE JEWELLERY QUARTER

The Jewellery Quarter is more than a place to live, it ’s a way of life and is regarded as Birmingham’s most prestigious neighbourhood. Just moments from Birmingham City Centre, The Jewellery Quarter feels like a village in the big city. Accessible and connected, cool and calm, The Jewellery Quarter is rooted in history with a modern and cosmopolitan outlook on the city.

PREMIER LOCATION
• 2 mins walk to St Paul’s Square (Tram Stop)
• 6 mins walk to Snow Hill Train Station
• 8 mins walk to Jewellery Quarter
• 12 mins walk to Colmore Business District
• 16 mins walk to Grand Central / New Street station
• 18 mins walk to Brindleyplace
• 18 mins walk to Aston University

HOMES WITH UNIQUE FEATURES
• Oversized industrial designed floor-to-ceiling windows
• Exposed brickwork
• Arched windows
• General 2.5m - 2.6m ceiling heights
• Bedroom with walk-in wardrobe areas
• Highly glazed communal entrances & stairwell to South & Central Blocks
• Ample storage areas
• Grade II listed lofts with 3.3m / 3.2m / 2.7m ceiling heights
• Some plots with own front door / access from street
• Some plots with direct access to courtyard

COURTYARD

Courtyards and outdoor space play an important role in creating pockets of green for residents to enjoy all year round. An original metal press has been restored by expert technicians and stands proudly in one of the courtyards as a reminder of the site's working history and celebration of local craftsmanship.

THE PRESSWORKS
• Vendor: Northwood Birmingham
• Tenure: 999 years leasehold
• 48 unique apartments across Central Block, South Block, Grade II Listed Lofts, Mews House

o 17 x 1 Bed from £247,500 - Average PSF £515
o 26 x 2 Bed from £385,000 - Average PSF £510
o 4 x 2 Bed Duplex from £335,000 - Average PSF £470

o Mews House £500,000 - PSF £471
• ERV

o 1 Bed £950 - £1,100 PCM
o 2 Bed £1,500 - £1,700 PCM

• Estimated Rental Yield up to 6% gross
• Private terrace / balcony to selected units
• Courtyards and outdoor space for all residents
• Est. Service Charge: £1.29 - £2.60 PSF depending on floors, access to internal block or access to lifts (Refer to Service Charge sheet for details)
• Estimated completion Q4 2022

Payment terms
o £2,500 res fee
o 15% on exchange
o 5% due 6 months after exchange
o 80% on completion