Ridley Street,
Birmingham

Introduction
A well presented one bedroom apartment located on the second floor of the popular Ridley House development, offered for sale with a tenant in situ and producing £875 per calendar month. The property is sold fully furnished, making it an ideal turnkey investment. The apartment also benefits from a recent lease extension, providing approximately 205 years remaining with a peppercorn ground rent, along with a positive cladding position supported by documentation from the developer.

Location
Ridley House is ideally positioned on Ridley Street within Birmingham city centre, just a short walk from Broad Street, Brindley place and The Mailbox. The area offers a wide range of amenities including bars, restaurants and leisure facilities, along with excellent transport links via Five Ways Station, Birmingham New Street and major road networks.

Inside
The accommodation comprises an open-plan living and dining area with fitted kitchen, a spacious double bedroom and a modern bathroom suite. The apartment is furnished throughout and presented to a good standard, continuing to perform well within the rental market.

Outside
Ridley House is a well-maintained development with secure communal areas and lift access to all floors.

Additional Information
Further reassurance is provided by a developer letter of comfort in relation to cladding works. In addition, a successful First Tier Tribunal outcome has been secured under the Building Safety Act 2022, ensuring remediation responsibilities sit with the developer.