Mixed Use for sale

263 - 265a & Flat 205 Beeches Road, Birmingham, B42 2QS

Under Offer 2,425 sq. ft. | £295,000

Property Description

Commercial information

  • 2,425 sq ft (225 sq m)
  • Use class orders: A1 Shops and C3 Dwelling Houses

Key features

  • Mixed use Investment Opportunity
  • Excellent asset management opportunities
  • 3 fully let retail shops with vacant first floor apartment
  • Passing rent - 20,150 per annum
  • NIY of 6.62% allowing for purchasers costs of 3.24%

Full description

Tenure: Leasehold

DESCRIPTION
The property comprises 3 ground floor retail units (all fully let) with a vacant 3 bedroom apartment situated at 285 Beeches Road, providing excellent scope for additional income. Further income is derived from the ground rents to two further upper floor apartments. The passing rent is 20,150 pax and this can be increased to 27,350 pax once fully let.

LOCATION
The property is situated on Beeches Road within a well established predominantly residential area of Birmingham known as Perry Beeches. Beeches Road runs between the Walsall Road (A34) and Aldridge Road and is around 4 miles to the north of Birmingham City Centre.

TENANCY INFORMATION
The current income totals 20,150 per annum, representing a Net Initial Yield of 6.62% after deducting purchasers costs of 3.24%, rising to 8.98% once fully let. For further information see attached details.

TENURE
Leasehold to 7th May 2131, with a passing ground rent of 300 per annum. There is potential to increase the lease term subject to discussions with the existing landlord post completion.

VAT
We are advised that VAT does not apply in this instance, however, prospective purchasers should satisfy themselves in this regard.


More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Hamstead (1.2 mi)
  • Perry Barr (1.6 mi)
  • Witton (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Hamstead (1.2 mi)
  • Perry Barr (1.6 mi)
  • Witton (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Bond Wolfe, West Bromwich

8th Floor West Plaza, 144 High Street, West Bromwich, B70 6JJ

0121 396 0838 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference Beeches_Road_Birmingham. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bond Wolfe, West Bromwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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