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SOLD STC

177A-179 High Street, Erdington, Birmingham, B23 6SY

Fixed Price
£875,000

£119.70 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
7,310 sq. ft.
(679 sq. m.)
SECTOR
Mixed use property for sale

Key features

  • First and Second Floors comprising 4 Self-Contained Flats with separate rear access
  • Ground Floor comprising 2 shops
  • VAT is applicable to this property
  • The property benefits of Rear Car Park
  • Occupiers close by include Nationwide, Betfred, Poundland, Holland & Barrett, EE and Specsavers

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 8.66%
Rental Income: £75,800 p.a.
VAT is applicable to this property
Occupying a prominent trading position in the heart of the town centre
Ground Floor comprising 2 shops
First and Second Floors comprising 4 Self-Contained Flats with separate rear access
The property benefits of Rear Car Park
Occupiers close by include Nationwide, Betfred, Poundland, Holland & Barrett, EE and Specsavers

Property Description:
A terraced building located on a prominent trading position in the heart of the town centre, comprising 2 Ground Floor Shops with separate rear access to 4 Self-Contained Flats on first and second floor levels. The property also includes a Rear Car Park.

Tenancy:
No. 177A is currently let to Midas Pet Products Limited (Pet Centre) for a term of 15 years from 18th February 2010 at a current rent of £20,000 per annum and the lease contains effectively full repairing and insuring covenants.

No. 179 is currently let to AM 2 PM Group Holdings (Recruitment Agency) for a term of 5 years and 6 months from 26th February 2019 at a current rent of £24,000 per annum and the lease contains effectively full repairing and insuring covenants.

First floor, Flat 1 flat is at present let on an AST to an individual for a term of 6 months from 5th February 2020 at current rent of £8,400 per annum.

First floor, Flat 2 flat is at present let on an AST to an individual for a term of 6 months from 1st February 2020 at current rent of £8,400 per annum.

Second floor, Flat 3 flat is at present let on an AST to an individual for a term of 12 months from 3rd February 2020 at current rent of £6,600 per annum.

Second floor, Flat 3 flat is at present let on an AST to an individual for a term of 6 months from 14th February 2020 at current rent of £8,400 per annum.

Location:
Erdington lies approx. 5 miles north-east of Birmingham city centre and benefits from excellent road links. Important roads that access the area include A38 (Birmingham to Derby road), A5127 (Gravelly Hill) and the A47 Spine Road. The M6 motorway forms the southern border of the district, with connections at Junction 6 (Gravelly Hill Interchange). There is a well-established network of bus routes through Erdington with connections to Birmingham city centre and Sutton Coldfield.

Brochures

177A-179 High Street, Erdington, Birmingham, B23 6SY

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Erdington Station0.3 miles
  • Gravelly Hill Station0.8 miles
  • Chester Road Station0.9 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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Notes

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Disclaimer - Property reference Erdington. 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 Blue Alpine, London. 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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