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£135,0001 bedroom apartment for sale
Orion Building, Navigation Street, City Centre
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Apartment
1 bed
1 bath
462 sq ft / 43 sq m
EPC rating: C
Key information
Features and description
- Fifth Floor Apartment in Highly Desirable Development
- EPC Rating: C(76)
- Lease 125 Years from 1 January 2003
- Central Birmingham City Centre Location
- Double Bedroom
- Sold with Tenants In Situation Paying £950pcm (£11,400 per annum)
- Open Plan Lounge & Kitchen with Integrated Appliances
- Bathroom
- Well Maintained Communal Areas with Conceirge Service
- Allocated Parking Space
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INVESTMENT WITH TENANT IN SITUATION GENERATING £950PCM (£11,400 per annum). A fifth floor apartment IN HEART of BIRMINGHAM CITY CENTRE with UNDERGROUND PARKING within a highly desirable development. Viewings VITAL to appreciate quality of location on offer. Briefly comprising; hallway, open plan lounge and kitchen with integrated appliances, double bedroom and bathroom, allocated parking space, communal areas and full time concierge. Tenure: Leasehold with term of 125 Years from 1 January 2003, EPC Rating: C(76). Council Tax Band: C. EWS1 Certification pending but 'Letter of Comfort' issued.
Location
The Orion Building is situated on the corner of Navigation Street and Hill Street, in the heart of Birmingham City Centre, within 350 metres from Birmingham New Street Station.
Description
A fifth floor apartment within a prestigious and highly desirable development. The property has recently undergone a series of modernisation works. Benefiting from double glazing and electric heating.
Accommodation
Please Refer to Floor Plans for Measurements
Inside
Hallway, open plan living dining kitchen with integrated oven, hob, fridge freezer and washing machine, double bedroom and bathroom with W.C.
Communal Areas
With secure communal areas, welcoming communal entrance with water feature, greeted by full time concierge, communal stairs, corridors and lifts.
Parking
With secure underground parking amenity.
Lease
125 Years from 1 January 2003.
Ground Rent
£404.22 per annum.
Service Charges
The development is managed by Centrick. We have been advised by our client the service charges for the period 1st December 2023 to 31st May 2024 were £1,260.15 (£2,520.30 per annum).
ESW1/Fire Safety
The property is currently awaiting ESW1 certification with a Fire Risk Appraisal of External Walls commissioned. A 'letter of comfort' was issued by the developers on 23rd May 2024 Please contact Cottons for further queries. Prospective buyers are advised to consult with their financial advisor to establish lending options prior to any required works being completed and an ESW1 form being issued but with Letter of Comfort being issued.
Letter of Comfort
The original developers 'Lendlease' signed the Developers Remediation Contract on 22 March 2023.A copy of the standard form contract and a statement confirming Lendlease's signature can be found on the Department for Levelling Up Housing and Communities' website, here: the Contract, Lendlease has committed to undertaking, procuring or funding the cost of works necessary to remediate life-critical fire-safety defects in buildings of 11 meters and over in height that Lendlease developed or refurbished between 5 April 1992 and 5 April 2022.Lendlease is committed to meeting its obligations under the Contract and is actively engaging with building owners to identify and remediate life-critical fire-safety defects.The Responsible Entity for the Building will liaise with leaseholders, residents and occupiers to inform them of the next steps, should the Building be identified as a Building Requiring Works (as defined in the Contract).
Tenancy
The property is let on a 6-month assured shorthold tenancy agreement from 17th September 2024 with the tenant paying £950pcm (£11,400 per annum).
Council Tax Band: C
Tenure: Leasehold
Location
The Orion Building is situated on the corner of Navigation Street and Hill Street, in the heart of Birmingham City Centre, within 350 metres from Birmingham New Street Station.
Description
A fifth floor apartment within a prestigious and highly desirable development. The property has recently undergone a series of modernisation works. Benefiting from double glazing and electric heating.
Accommodation
Please Refer to Floor Plans for Measurements
Inside
Hallway, open plan living dining kitchen with integrated oven, hob, fridge freezer and washing machine, double bedroom and bathroom with W.C.
Communal Areas
With secure communal areas, welcoming communal entrance with water feature, greeted by full time concierge, communal stairs, corridors and lifts.
Parking
With secure underground parking amenity.
Lease
125 Years from 1 January 2003.
Ground Rent
£404.22 per annum.
Service Charges
The development is managed by Centrick. We have been advised by our client the service charges for the period 1st December 2023 to 31st May 2024 were £1,260.15 (£2,520.30 per annum).
ESW1/Fire Safety
The property is currently awaiting ESW1 certification with a Fire Risk Appraisal of External Walls commissioned. A 'letter of comfort' was issued by the developers on 23rd May 2024 Please contact Cottons for further queries. Prospective buyers are advised to consult with their financial advisor to establish lending options prior to any required works being completed and an ESW1 form being issued but with Letter of Comfort being issued.
Letter of Comfort
The original developers 'Lendlease' signed the Developers Remediation Contract on 22 March 2023.A copy of the standard form contract and a statement confirming Lendlease's signature can be found on the Department for Levelling Up Housing and Communities' website, here: the Contract, Lendlease has committed to undertaking, procuring or funding the cost of works necessary to remediate life-critical fire-safety defects in buildings of 11 meters and over in height that Lendlease developed or refurbished between 5 April 1992 and 5 April 2022.Lendlease is committed to meeting its obligations under the Contract and is actively engaging with building owners to identify and remediate life-critical fire-safety defects.The Responsible Entity for the Building will liaise with leaseholders, residents and occupiers to inform them of the next steps, should the Building be identified as a Building Requiring Works (as defined in the Contract).
Tenancy
The property is let on a 6-month assured shorthold tenancy agreement from 17th September 2024 with the tenant paying £950pcm (£11,400 per annum).
Council Tax Band: C
Tenure: Leasehold
Property information from this agent
About this agent
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Cottons Chartered Surveyors - Edgbaston
359/361 Hagley Road
Edgbaston, Birmingham
B17 8DL
0121 721 8843Cottons are a Birmingham based independent firm of Chartered Surveyors operating from our excellent refurbished centrally located offices, we can
cater for any property matter. The firm was originally formed in 1924 by the legendary Birmingham Property Developer Jack Cotton. The partners and staff
at Cottons pride themselves in offering a wealth of experience and expertise in all property matters throughout the Midlands and further afield. We specialise
in; Property Auctions Residential / Commercial Sales and Lettings Property and Estate Management Valuation and Professional Work We are pro... Show more
cater for any property matter. The firm was originally formed in 1924 by the legendary Birmingham Property Developer Jack Cotton. The partners and staff
at Cottons pride themselves in offering a wealth of experience and expertise in all property matters throughout the Midlands and further afield. We specialise
in; Property Auctions Residential / Commercial Sales and Lettings Property and Estate Management Valuation and Professional Work We are pro... Show more
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