Bishopsgate, Granville Street

Birmingham, UK

Adjacent to our Cutlass Court, Granville Street development, but offering a longer lead in time with completion expected in May 2008, this attractive residential scheme offers a premium specification to each well-appointed apartment. Located in a prime central location just 2 minutes off Broad Street, its excellent position as a city centre residential development will provide the perfect home to city-lovers in Birmingham.

Gallery

With work close by - the financial district of Brindley Place within a 3-minute walk - and the cities designer shopping and restaurant central area of the Mailbox within easy reach, rental demand should prove very strong at Bishopsgate. Expectations are £650pcm for 1-bedroom apartments, with 2-bedroom apartments achieving in the region of £850pcm.

King Sturge Bank Valuations on the adjacent Cutlass Court, Granville Street development were extremely strong showing an average uplift of 15% on sales prices. Apartments in Bishopsgate offer generous living accommodation and exceptional value, which we expect to value strongly on completion. Add to this the demand for high quality living accommodation in the heart of the city and rental yields should complete this rounded 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 44, 1 bed with parking, sized 566 sq ft

Contract Purchase Price	£145,000.00
Lending	Up to 75% of Contract Price
Rental yield	Projected at 5.37% pa based on £650pcm

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 May 2008
• 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

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