9.5% NET YIELD, £57'000pa Net Rental income, Kings Heath High Street, B14

Tenure: Freehold

DESCRIPTION

Prime Retail & Residential Investment Opportunity on Kings Heath High Street

Situated in the highly sought-after Kings Heath High Street, this mixed-use property offers an exceptional investment opportunity in a thriving location. The retail unit boasts excellent visibility and foot traffic, ideal for businesses looking to capitalize on this bustling area.

To the rear of the property is a well-appointed studio flat, while the first and second floors house social housing accommodation. The property generates a total income of £4,750 per calendar month, £57,000 per annum, with a fixed five-year FRI lease. Tenants are responsible for all maintenance, bills, and council tax, ensuring minimal hassle for the owner.

With a 9.5% net rental yield, this is a fantastic investment that offers both stability and strong returns. The location itself is stunning and guarantees long-term growth potential-truly a no-brainer for serious investors.

Don't miss out on this rare opportunity in one of the area's most desirable locations!

RETAIL

Retail unit has been newly Refurbished by the new occupier.

ACCOMODATION

Each Bedroom will have Tea Station and en-suite Facilities

LOCATION

Kings Heath (B14) is a vibrant and increasingly popular suburb in Birmingham, known for its lively atmosphere and diverse amenities. The area has seen significant regeneration and growth in recent years, particularly with the addition of a new train station, making it even more attractive for commuters and investors alike. The station provides direct connections to Birmingham city center and other key destinations, enhancing accessibility and driving further demand for both residential and commercial properties.

Kings Heath High Street is renowned for its bustling mix of independent shops, cafes, and restaurants, as well as established retail chains. The area has a strong community feel, with regular markets, festivals, and events that draw people from across the city. Green spaces like Kings Heath Park and Highbury Park offer locals a chance to unwind, making it a perfect blend of urban convenience and natural beauty.

With excellent schools, great transport links, and a vibrant cultural scene, Kings Heath has become one of the most sought-after locations for both young professionals and families. The recent infrastructure improvements, particularly the train station, have only added to its appeal, contributing to rising property values and rental demand.



TENURE

The property is freehold and will be sold with the benefit of a new 5 year FRI Lease from completion, with a passing rent of £4750 pcm/ £57,000 p.a. We are advised that in accordance with the lease terms, the tenanta are responsible for bills, business rates, council tax and most internal repairs and maintenance.We have been advised the premises benefits from Mixed use class (Retail and Residential) and there is no VAT on the purchase.

VIEWINGS

Please contact SBI estates for viewings. Please Note Upper Floors are under renovation. Pics are for illustration purposes.

BUYERS FEE

Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400. (All fees inclusive of VAT). T&Cs apply. SBI estates "Secure It Now Exclusivity Package" This property is being offered under SBI estates "Secure It Now Exclusivity Package" This is an innovative secure and straightforward way to purchase this property. Here are the benefits for you:

* Secure your dream property straight away

* Properties are realistically priced

* Similar to a "normal" or "conventional" sale with a few measures to protect the buyer and the seller

* Focuses on speed

* Mortgage buyer friendly

* Suitable for first time buyer

* Mortgage buyers and cash buyers compete on equal terms

* No competitive bidding

* No risk of being gazumped

* Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work?

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale. You can now secure the purchase with a buyer's "Secure It Now Exclusivity fee " of 2% which includes :

* A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

* Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

* This prevents the risk of gazumping

* helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach. * You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion Next Steps - Do Not Miss Out

- Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

Please note this is a non-refundable exclusivity fee in addition to the purchase price.

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of SBI estates has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

"Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of SBI estates."

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967: SBI estates for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.