{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"754746793840096","summary":"Freehold Shop and Residential Investment. Comprising a double fronted shop and 3 self-contained flats. Occupiers nearby include Co-op Food supermarket, Subway, Domino's Pizza, Farmfoods, Lloyds Pharmacy, Greggs and William Hill amongst many others. ","archived":false,"description":"Investment Consideration:
Gross Initial Yield: 7.41%
Rental Income: £43,740 p.a.
VAT is NOT applicable to this property
Comprising a double fronted shop and 3 self-contained flats
Shop tenant in occupation since 1986
Occupiers nearby include Co-op Food supermarket, Subway, Domino's Pizza, Farmfoods, Lloyds Pharmacy, Greggs and William Hill amongst many others

Property Description:
The property is arranged on ground and two upper floors to provide a double fronted ground floor shop with three self-contained flats above, access to which is via a communal rear staircase.

The property provides the following accommodation and dimensions:
Retail Shop: 127.7 sq m (1,374 sq ft)
No. 188A: 80 sq m (861 sq ft)
Four Bedrooms, Kitchen, Bathroom
No. 190A (Flat 1): 29 sq m (312 sq ft)
Two Rooms, Kitchen, Bathroom
No. 190A (Flat 2): 38 sq m (409 sq ft)
Two Rooms, Kitchen, Bathroom

Total Commercial NIA: 127.7 sq m (1,374 sq ft)
Total Residential NIA: 147.0 sq m (1,582 sq ft)

Tenancy:
The Ground Floor Shop is at present let to L. Horwood t/a Kennedy's Mica Hardware for a term of 5 years from 28th September 2021 at a rent of £22,500 per annum and the lease contains full repairing and insuring covenants. Tenant has right to determine at the third year with 6 months notice.
Flat No. 188A (first/second floor) is at present let on AST to an Individual for a term of 6 months from 1st January 2023 at a current rent of £11,400 per annum and rent deposit is held of £950.
No. 190A (Flat 1) is at present let on an AST to an individual for a term of 6 months from 23rd April 2020 at a current rent of £5,100 per annum and rent deposit is held of £425.
No. 190A (Flat 2) is at present let on an AST to an individual for a term of 6 months from 16th November 2020 (Holding Over) at a current rent of £4,740 per annum and rent deposit is held of £200.

Location:
Rubery is a southern suburb of Birmingham situated on the A38 some 8.5 miles south-west of Birmingham city centre. There are good road communications, with Junction 4 of the M5 Motorway being some 2 miles to the south-west. The property is well located on the south side of New Road and forms part of a larger and established parade of shops. Occupiers close by include Co-op Food supermarket, Subway, Domino's Pizza, Farmfoods, Lloyds Pharmacy, Greggs and William Hill amongst many others.
","disclaimer":{"raw":"Disclaimer - Property reference Rubery. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by BLUE ALPINE PARTNERS LIMITED, London. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Comprising a double fronted shop and 3 self-contained flats","Shop tenant in occupation since 1986","Occupiers nearby include Co-op Food supermarket, Subway, Domino's Pizza, Farmfoods, Lloyds Pharmacy, Greggs and William Hill amongst many others","VAT is NOT applicable to this property"],"environment":null,"pricing":{"price":590000,"displayQualifier":"FIXED_PRICE","frequency":null,"rentObligation":null},"useClasses":["E"],"tenureType":"FREEHOLD","tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":3,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/0b75a9153/754746793840096/0b75a91534ee7d7f20b94eff64790955.pdf","description":"Property Particulars"}],"photos":[{"uri":"property-photo/50a99b55d/754746793840096/50a99b55de2ac5f4a17ce9470744e3b2.jpeg","description":""},{"uri":"property-photo/625a030e5/754746793840096/625a030e5b98f3150ea68bca22132505.jpeg","description":""},{"uri":"property-photo/0bde95174/754746793840096/0bde95174dbba6d343a5cfcee6a4be4b.jpeg","description":""},{"uri":"property-photo/50dca0128/754746793840096/50dca0128169c3851b5861e01629bf46.jpeg","description":""},{"uri":"property-photo/28c6f7bed/754746793840096/28c6f7bede806ac4fe53a573ab8d84bd.jpeg","description":""},{"uri":"property-photo/ccce9ca60/754746793840096/ccce9ca6046325cf935a5308a5ff3d6e.jpeg","description":""},{"uri":"property-photo/ac2f09ad2/754746793840096/ac2f09ad22abe35a259b22f583d2493b.jpeg","description":""},{"uri":"property-photo/397039f19/754746793840096/397039f19cc5485af21f28fc21ce19d2.jpeg","description":""},{"uri":"property-photo/6ef8d196b/754746793840096/6ef8d196b5c53b40c25cd15725ef4b4f.jpeg","description":""}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":2740,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"188/190 New Road, Rubery, Birmingham, B45 9JA","showMap":true,"postcode":{"incode":"9JA","outcode":"B45"},"streetView":{"latitude":52.39323,"longitude":-2.0176,"heading":null,"pitch":null,"zoom":null,"showStreetView":true},"latitude":52.39323,"longitude":-2.0176},"nearestStations":[{"distance":1.5966201687809085,"name":"Longbridge Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.480561284012884,"name":"Northfield Station","types":["NATIONAL_TRAIN"],"unit":"miles"},{"distance":2.489148160808433,"name":"Barnt Green Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"BLUE ALPINE PARTNERS LIMITED, London","email":null,"profileUrl":"/estate-agents/agent/Blue-Alpine/London-230087.html","logo":"/partner-logo/25218632-LOGO-1765970983.jpeg","id":230087,"description":"

Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.

Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can assess and manage your current portfolio to devise a forward-looking investment plan and, if necessary, an exit strategy.

We are dedicated to disrupting the commercial property industry by delivering exceptional solutions that prioritise honesty, transparency, integrity, and providing an unparalleled client experience. Our team consists of knowledgeable professionals with a strong background in commercial property, enabling us to help clients around the world turn property into a path for growth.

Together, we unlock potential.

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