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Birmingham’s latest attraction: Smithfield Square

By January 25, 2018 No Comments

Smithfield Square, in Birmingham City Centre, is a property development so special that we are devoting an entire article to it.

Of all the hotspots currently in play across the country – in the cities of Birmingham, Sheffield and Nottingham – this one stands out as an exceptional opportunity.

Firstly: why Birmingham?

Birmingham is the largest city in the UK outside of London and also one of the country’s biggest financial centres. A number of important financial institutions have relocated there: Deutsche Bank, HSBC, and others.

The city also has a reputation as a hub for the creative industries, and the upcoming HS2 rail link will shrink travel time to London to under 50 minutes, placing it firmly within commuting distance. Secondly: rock-solid economic fundamentals

The bedrock of the Birmingham economy is extremely firm, with £90 billion in the regional economy. To make this even more promising, the HS2 rail network is expected to bring £1.5bn and 22,000 jobs to the region.

The region is a major shopping destination and there is a vibrant student presence: with over 73,000 students in five universities.

Smithfield Square

Smithfield Square sits within a part of the city that is experiencing huge transformation. Major developments, transport links and vibrant communities are all within walking distance of the site.

Smithfield Square was originally home to Birmingham’s wholesale food markets which date from 1166. These markets provided the first impetus to the growth of Birmingham as a commercial town and are pivotal to the history of the city.

The vision behind the development is to harness this heritage to shape a new urban district, equipped with everything aspiring professionals, creatives and cultural devotees will ever need.

Smithfield Square will offer the very best of everything: from high-end fashion and Michelin-starred restaurants.  Just minutes from the development is the famous Bullring with its iconic, flagship Selfridges store. There is a range of retailers as well as a fantastic collection of bars and restaurants.

Signature Living

Prosperity Wealth, the developer, have created Smithfield Square using ‘Signature Living’, the brand and trademark design which offers a high level of style and contemporary elegance.

Top industry professionals have collaborated on Signature Living, making it instantly recognisable: contemporary, open-plan living and dining spaces with oversized windows (where possible), ensuring maximum natural light.

Hard wood veneer floors and stainless-steel sockets, custom-built kitchens, integral appliances and stylish bathroom suites come as standard, offering homes with style, luxury and comfort.

The financials

Completion is planned for Q1 of 2020, and APW have secured a number of units within it, ranging from GBP159,995 to GBP236,995.

Estimated rental yield on these units are in the region of 5.45%.

What’s more, our unique payment plans are available, allowing clients to pay the deposit over 24 months, with a modest deposit (of under GBP5000) to hold the unit.

With interest in this development at very high levels, we encourage our investors to look carefully and quickly, as this is a time-sensitive proposition.

To book a call to discuss Smithfield Square, click here.