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Timber Yard

Birmingham, England

Timber Yard

Price:GBP 194,950 - 392,495

United Kingdom-England-Birmingham

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Introduction

Timber Yard in Birmingham’s Southside district will comprise two residential buildings which will boast a collection of 379 modern apartments. The East Block, the first release, will feature stylish one, two and three bedroom apartments while the West Block will include a mix of studio, one and two bedroom apartments. Both buildings will be surrounded by landscaped courtyard gardens, less than a 10 minute walk away from New Street railway station. Designed by Claridge Architects, these new-build homes will exhibit signature designs providing owner-occupiers, first-time buyers and investors with homes that are stylish, enduring and energy-efficient. As well as premier specifications, the majority of properties will boast access to a private balcony, terrace or winter garden.
Located on Pershore Street, this 1.58-acre mixed-use site will contain 10,000 sq. ft. of ground level commercial space in addition to its residential counterpart for retail and leisure use, making Timber Yard a prominent and all-encompassing destination for both its inhabitants and visitors. Lifestyle facilities such as a private gym, concierge desk, club lounge and screening room are also projected to form part of the site, exclusive to residents. The city centre and a variety of local landmarks will be just a short stroll from Timber Yard, including Birmingham’s O2 Academy, The Bullring and The Arcadian, which will all be within a 600m radius of the development.


Key Points:
Consisting of 379 apartments laid out as studio, one, two and three bedroom homes. 
Starting at £199,000.
The communal areas of Timber Yard include landscaped courtyard gardens, 24-hour concierge with communal foyer, fully equipped gymnasium,residential club lounge, screening room, etc.  
Containing 10,000 sq. ft. of ground level commercial space for retail and leisure use as well as underground car parks.
Located in Birmingham's Chinese Quarter "Chinatown" .
2-year rental guarantee with Net 5% p.a.


At a Glance:
Tenure: Leasehold 209 years
Address: Pershore Street, Birmingham B5 6PA
Price range: GBP 194,950 -GBP 392,495
Number of units: 379
Unit types: studio ~ 4 beds
Size: 410 sq.ft- 1,030 sq.ft
Service charge: Approx. £2.35/sq.ft PA
Ground rent: Studio: £175 pa, one bed: £200 pa, 2 bed: £250 pa, 3 bed: £300 pa
Yield: 5% 2-year rental guarantee with Net 5% PA
Est. Completion: :Q3/Q4 2021

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