Hive by Nikal Developments near the Birmingham city centre is part of the wider £600m mixed-use Masshouse scheme in the city’s Eastside. Conveyancing Solicitors in Birmingham are regarding the development as an excellent way of reviving this area of the country.
The collection features 167 studio, one and two bedroom apartments with prices starting from £90, 000 and within walking distance of the Bullring and Colmore Business District; the first phase of properties have already been purchased and occupied.
Conveyancing Solicitors in Birmingham have been stressing the need for regeneration in this part of the country to even out the divide between the North and the South and the Hive Development (Masshouse Plaza, Moor Street, Queensway, Birmingham, B5 5JE) significantly contributes to this goal.
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The dwellings are being powered through a partnership with Birmingham District Energy Company which will eliminate boiler maintenance concerns and reduce utility bills for owners, while also staying to true to the developer’s ‘green’ initiative.
Mark Evans, partner at Knight Frank Birmingham said: “Nikal took an ambitious risk in building the first residential developments in Eastside at Masshouse and Hive and it is one that has proven to be very shrewd. Hive’s second phase launched to the market in difficult conditions early this year but that hasn’t detracted buyers from recognising its position within a rapidly improving side of the city that is soon to be home to the Enterprise Zone, HS2, the City Park and new education facilities. No doubt other developers will follow Nikal’s lead here but for the moment Hive is the only new build residential scheme in Eastside and a rare property opportunity not to be missed. ”
Positive news for Conveyancing in Birmingham?
At the beginning of the year economists and Conveyancing Solicitors in Birmingham emphasised the North-South divide in both property sales and prices. The North was suffering, while markets in the South were doing relatively well.
The increase in local regeneration is definitely reassurance for local residents and homeowners; Conveyancing Solicitors in Birmingham believe that this is a kick-start to getting the city back on the map.
If you are purchasing or selling a home in Birmingham, contact Fridaysmove on 0330 660 0286 for more information and to obtain a Birmingham Conveyancing Quote.