Mixed Use Site, 774-776 Bristol Road
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
7
- BATHROOMS
7
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Mixed use commercial and residential site
- Potential for significant development
- 2 retail units and 7 residential flats
- Current rental income £87,300 p.a. with potential to increase
Description
Ground Floor
2 x Commercial Units:
Unit 1: Currently under a rolling lease (lease expired), with a rental income of £14,220 per year.
Unit 2: Lease in place until July 2026, achieving £7,800 per year.
Residential Entrance: The flats are accessed via a separate, secure entrance, leading to a spacious communal area.
Residential Flats
The development includes 7 self-contained flats, (5 studios and 2 one-bedroom flats), all decorated to a high standard.
Communal Area: The flats benefit from a large open-plan communal space featuring a pool table, TV lounge, and a gym—creating a relaxed and social environment for residents.
Flats have Certificate of Lawful Use issues by Birmingham City Council.
Rental Income: The flats currently generate a combined income of £66,280 per year, inclusive of bills. The current rents are below market value, offering a significant opportunity for rental growth.
Rental Potential
The current owner is renting the units under market value, and we estimate the potential rental income could exceed £100,000 per year combined all flats and commercial units once rents are brought in line with the market.
This presents a fantastic opportunity to increase returns with relatively minimal effort, making it an attractive option for investors.
External Features
Rear Terraced Area: A small outdoor space for residents to enjoy.
Rear Car Park: Private parking accessible via Elliot Road for around 10 cars, adding convenience for tenants and visitors.
About the Location
Located on a busy main road, the property benefits from high foot traffic and prime visibility.
Opposite the newly regenerated Selly Oak Battery Park Retail Park, the location is highly sought after due to its proximity to the Selly Oak Triangle, University of Birmingham, Queen Elizabeth Hospital, and excellent public transport links (bus stops, train station nearby).
A variety of local amenities including pubs, restaurants, and shops make this a highly desirable area for tenants.
Development Potential
This property offers significant future development opportunities.
Planning potential exists to build additional stories and expand the building to the rear (subject to planning permission).
There may also be opportunities to acquire additional land at the rear, providing further options for development.
This property offers a fantastic turnkey investment with a strong rental yield and the potential for considerable growth, both through increasing rents and future development. The mixed-use nature and its location in a high-demand area make it a rare and valuable asset in the current market.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Mixed Use Site, 774-776 Bristol Road
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
About PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham
189 Dawlish Road, Bournbrook, Birmingham, B29 7AWYour mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 179. 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 PURPLE FROG ASSET MANAGEMENT LIMITED, Birmingham. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.