Cutlass Court, Granville Street

Birmingham, UK

Cutlass Court is an exceptional new scheme of high specification one and two-bedroom apartments located in a prime central location 200m off Broad Street and adjacent to Jury's Hotel, Birmingham. Offering a 5% Net 5 year rental guarantee from a serviced apartment operator, this 126-unit development will provide the perfect short-stay venue for visitors to Birmingham.

Gallery

Whether your trip is for business or pleasure, the excellent location of Cutlass Court leaves all Birmingham has to offer on your doorstep. The financial and café district of Brindley Place, designer shopping at the Mailbox, the renowned Bullring Shopping Centre, and nationally acclaimed facilities such as the ICC, Symphony Hall and the National Indoor Arena are all minutes walk from Cutlass Court.

King Sturge Bank Valuations are in with prices showing an uplift of between 12-17% on Cornerstone Property sales prices - meaning lending is extremely favourable on the project. Add to this that we are able to offer a 5% net, 5 year rental guarantee on these remaining units, with the guarantee on offer through an independent serviced apartment operator (not tied to the developer) and it lends to a perfect investment offering.

Birmingham is a growing city with a solid social and economic foundation upon which housing demand is expected to grow by 11% in the next ten years. The city has experience and will continue to lead the development of residential and commercial property growth and investment opportunities.

Example Apartment

Apartment 91, 1 bed with parking, sized 526 sq ft

Contract Purchase Price	£155,000.00
Bank Valuation Received	£187,500.00
Instant Equity	£32,500.00
Lending	Up to 90% of Contract Price / 85% LTV
Rental Income	£38,750 total over 5 year period guaranteed

Terms

• £3,000 booking fee
• 10% (less booking fee) payable on exchange of contracts, within 14 days of reservation
• Balance of 90% due on completion scheduled for Nov 07
• Should you not proceed to contract stage, the sum of £350 will be deducted from your booking fee to cover administration and legal costs ensued. After exchange of contracts, the deposit of 10% becomes non-refundable

Questions? Enquiries?

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