Leslie Bentley House, Parade, Birmingham City Centre, B1 3QQ

A rare and unique opportunity to purchase a HIGH QUALITY PORTFOLIO including 10 SELF CONTAINED FLATS and Leslie Bentley House Management Company Ltd, which includes THE FREEHOLD INTEREST with 2 freehold ground rent investments.

Generating an INCOME OF £106,190 per annum. Located in BIRMINGHAM CITY CENTRE, idyllically facing BIRMINGHAM AND FAZELEY CANAL.

Each flat comprising: EPC Ratings: All Flats - C, except Flat 2 - E, Council Tax Bands: All A. GROSS INTIAL YIELD of 7.6%.

Location   Leslie Bentley House is situated within Birmingham City Centre, directly adjacent to the Birmingham & Fazeley Canal.

The property is set back from Parade (B4135), with vehicular access via Helena Street/Scotland Street.

The development is conveniently located approximately: -150 metres from City Centre Gardens -430 metres from Broad Street Entertainment District -600 metres from Colmore Row -830 metres from Birmingham New Street Station -1 km from the Bullring Shopping Centre -2.8 miles from Junction 6 of the M6 Description   A portfolio of 10 self-contained flats situated within a purpose-built, three-storey detached block comprising 12 flats in total, together with ownership of the freehold interest, offering a rare opportunity to acquire significant control over the management and future direction of a privately run city-centre apartment development.

All flats are presented in generally modern and well-maintained condition throughout, with several having undergone recent refurbishment works and make ideal single/couple rental accommodation.

Accommodation   Please refer to the floor plans for room measurements.

Each apartment briefly comprises: -Hallway -Open-plan living room/kitchen -Double bedroom -Bathroom or shower room with WC -Balcony Flats 1, 2, 5 and 6 benefit from balconies overlooking the Birmingham & Fazeley Canal.

All flats benefit from uPVC double-glazed windows and gas-fired combination central heating, except Flat 2, which has recently been refurbished as an all-electric apartment.

Communal Areas   The development benefits from a secure communal entrance with resident fob access and visitor intercom system.

Communal hallways, staircases and corridors are well maintained throughout, with CCTV security coverage to communal entrance areas. Externally, the property benefits from attractive communal gardens.

Parking Provision   Parking is available on the adjoining car park via JustPark, subject to availability, payment and restrictions.

No assured or demised parking spaces are included within the sale.

Tenancy Information   The following flats are let on Assured Periodic Tenancy Agreements: GROUND FLOOR FLAT 1 - £895pcm (£10,740 per annum). FLAT 2 - £895pcm (£10,740 per annum).

FLAT 3 - £895pcm (£10,740 per annum). FLAT 4 - £855pcm (£10,260 per annum). FIRST FLOOR FLAT 5 - £895pcm (£10,740 per annum). FLAT 6 - Vacant.

Will be advertised by client for £925pcm (£11,100 per annum). FLAT 7 - £895pcm (£10,740 per annum). FLAT 8 - £845pcm (£10,140 per annum). SECOND FLOOR FLAT 11 - £895pcm (£10,740 per annum).

FLAT 12 - £835pcm (£10,020 per annum). All apartments are fully furnished with modern furnishings.

Water charges are included within the rent and paid by the freeholder via the service charge arrangements.

All other outgoings, including gas/electricity, drainage and council tax, are paid directly by the tenants. GROUND RENT INCOME Flat 9 - £100 per annum. Flat 10 - £100 per annum....

Flat Lease Information   All flats are held on leases of 125 years commencing from 25th March 1992, with a ground rent of £100 per annum.

Ground rents are currently receivable only from Flats 9 and 10, which are separately owned leasehold interests.

Freehold Ground Rent Investments & Potential Acquisition of Flats 9 and 10   The leases contain a provision requiring leaseholders to first offer their flat to the freeholder prior to any sale.

Under the terms of the leases, the freeholder has 28 days from receipt of written notice to purchase the property at a price agreed between the parties, or otherwise determined by a single RICS-appointed valuer acting as expert.

Accordingly, should the leaseholders of Flats 9 and 10 decide to sell their interests, the freeholder would benefit from the opportunity to acquire the remaining leasehold interests within the development, creating the potential for complete ownership control of the block.

Service Charges   The development is currently managed by Encore Estate Management Ltd.

The estimated service charge for the period 1st April 2026 to 31st March 2027 is approximately £1,635 per apartment per annum.

The service charge includes: -Buildings insurance -Water charges -General maintenance -CCTV system maintenance -Sinking fund contributions Subject to compliance with the landlord obligations contained within the leases whilst Flats 9 and 10 remain under separate ownership, a purchaser may elect to implement alternative management arrangements.

Should Flats 9 and 10 be acquired in the future, there would no longer be a requirement to formally collect service charges, although block management obligations would still remain.

Sinking Fund   Our client has advised that the development has a healthy sinking fund of approximately £21,000 in place for future maintenance works.

Development Potential   The property occupies a highly sought-after city centre position within an area experiencing substantial residential redevelopment, including numerous high-rise schemes nearby.

The site may offer future redevelopment potential, subject to obtaining the necessary planning consents. Registering Interest   Video tours of the apartments are available upon request.

Offers must be put in writing via e-mail and must include; • Name of individual(s) / company who would make purchase along with correspondence address • Level of Offer • Proof of finances • Solicitors Details • Confirmation of Timescale • Any Conditions