Oak Court

Oak Court Brierley Hill, West Midlands

OAK COURT - FACT SHEET

Developer Oak Property Trading Limited

Planning Architect SLA Design LLP

Contractor/Joint Venture “JV” Partner Empire Property Concepts Limited

Car Parking Private and allocated parking (selected units only)

Location Brierley Hill, West Midlands

Building Insurance 10 year Global Homes Warranty cover

Local Authority Dudley, West Midlands

Practical Completion May 2021

Tenure Leasehold 250 years from 31st May 2021

Distance to Birmingham <10 miles

Service Charge £900 p/a

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Oak Court Brierley Hill, West Midlands QUICK FACTS •

78 modern apartments consisting of 77 1 bedroom apartments and 1 2 bedroom apartment

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Empire Property Concepts joint venture contractor record (2012 - 2020);

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Over 31,000 sq/ft of prime residential apartments

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1171 apartments completed across 28 sites

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Apartments available from just £84,412

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Rental yields >7%

A current pipeline of 2,487 apartments currently in planning, spread across 33 sites

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Excellent modern specification

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Current portfolio of 3,767 units and, on all developments, Empire has maintained a zero failure-

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Outstanding central location - close proximity to Birmingham

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9.1% capital appreciation in Dudley in the 12 months to January 2021

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4.3% and 4.9% net rental yields increase in Dudley in the 12 months to January 2021

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An extensive 100% successful track record of collaboration between the Managing Director of Oak Property Trading Limited and Empire Property Concepts over many years and projects

APARTMENT MIX Floor

1 bed

2 bed

Total

4

14

0

14

3

15

0

15

2

15

0

15

1

15

0

15

G

13

0

13

LG

5

1

6

Total

77

1

78

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Oak Court Brierley Hill, West Midlands LOCAL AREA

TRANSPORT LINKS

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5 mins walk to the Waterfront Metro Station. Direct Links to Birmingham, Wolverhampton, Dudley.

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Easy access to the Birmingham (24 mins by train)

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Birmingham International airport is 45 minutes away by car

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Dudley is a short 10 minute car journey away

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Brierley Hill town centre is only 0.4 miles from Oak

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Easy walking distance of the Waterfront Business Park and the Merry Hill Shopping Centre (0.8 miles) which is the 8th biggest shopping centre in the UK, boasting over 250 shops, a separate retail park, cinema, food hall and ten-thousand parking spaces.

There are several attractive parks situated close by, including a local nature reserve that’s virtually on the doorstep Conveniently situated for the beautiful canalside area, which is home to a host of bars and restaurants, a short 9 minute (0.5 miles) walk

Court

Just 10 miles from Birmingham, Brierley Hill is the strategic centre of Dudley borough attracting massive inward investment 5 minute walk to the Waterfront metro station to access the new £450 million metro extension network providing direct access to Birmingham central

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Local supermarket, Aldi, a 2 minute walk away (0.1 miles)

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Leading universities are within easy reach.

Birmingham University, Birmingham City University, University College Birmingham and Wolverhampton University - to name just a few - are nearby and easily accessible

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Good choice of healthcare (Russell Hall Hospital 1.1 miles), libraries (0.6 miles), community centres (Brockmoor Community Centre - 0.6 miles), places of worship (Brierley Hill Methodist Church - 0.5 miles), sports facilities (PureGym - 0.5 miles)

* new transport infrastructure will greatly reduce many journey times.

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Wolverhampton is 9.7 miles away, a 30 mins drive

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West Bromwich is accessible via a short 20 minute drive

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Close to major road routes: A4306, A4123 and the M5.

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London 128 miles away (2 hours 10 mins drive)

Oak Court Brierley Hill, West Midlands BIRMINGHAM & THE WEST MIDLANDS IN NUMBERS •

2022 Commonwealth Games, projected to add £500 million to the regional economy

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The FT reported that West Midlands is “growing faster than any other city region outside London, with output up by 35 per cent over the past five years.”

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Projected GVA growth in the West Midlands = 23%

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250,000 new West Midlands jobs targeted by 2030 and to raise GVA by £29 billion

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£3.2 billion Covid 19 recovery plan

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Population growth projected at nearly 1.2 million by 2028

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Business and financial services sectors generate £27.7 billion GVA annually and forecasted to double to £50 billion in the next 10 years

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13,900 businesses employed in the creative, tech and digital sectors

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65,000 people working in tech and digital businesses – the largest regional cluster in the UK

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Creative sector = £4 billion+

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Tech and digital sector GVA value = £5.7 billion

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The Midlands lies at the heart of the UK automotive market, which is worth £8 billion per year supporting 885 companies and 60,000 employees

Birmingham itself has a 20-year, £1.5 billion City Centre Masterplan that seeks to: •

Build 1.5 million square metres of new office space

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Create over 50,000 new jobs

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Add £2.1 billion to the economy each year

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Oak Court Brierley Hill, West Midlands

LEASE 250 years, commencing from 31st May 2021

ESTIMATED SERVICE CHARGE £900 per annum - This includes: staffing costs, cleaning, general maintenance, insurance, external communal utilities

GROUND RENT 1 Bed - £100 p.a.

2 Bed - £100 p.a.

Ground rents are reviewed every 10 years in line with inflation (RPI)

PARKING A limited number of allocated parking spaces are available. The car parking spaces are in private grounds within the Oak Court grounds and away from public usage

WARRANTY PROVISION 10 year building warranty in place from Global Home Warranties Limited

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