£320,000 /Sale price

This trailblazing developers residential scheme is in line with Birmingham City Council's Big City Plan that aims to create over 5,000 new homes, while also improving connectivity across the city.This new development includes plenty of communal features, such as a communal social space, gym, and storage for 144 bicycles onsite, as well as communal office space, with 38 square meters of hot-desking. It also incorporates biodiversity and clean air features, such as a 'living wall' on the southern edge that will break up the view of the building.Short term letting is permitted in the development with 10% yields achievable.The 0.4-acre site, located between Watery Lane Middleway, Bolton Street, and the Grand Union Canal, is currently used for car sales. The area, popularised in the television drama Peaky Blinders, was once home to Birmingham's street gangs.LEASEHOLD INFORMATION:Service Charge - £2.49 per sq ftGround Rent - Zero (Peppercorn)Lease Length - 999 years