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Gospel Lane, Acocks Green, Birmingham, B27

Offers in Excess of
£420,000

£152.51 per sq. ft.

Business rates & charges may apply

Centrick Commercial, Birmingham
SIZE AVAILABLE
2,754 sq. ft.
(256 sq. m.)
SECTOR
Commercial property for sale

Key features

  • Lease to William Hill expires 10 August 2026
  • Situated in busy neighbourhood shopping parade
  • 2 no. two bedroom self-contained apartments
  • Part completed additional apartment
  • Highly visible location
  • Potential to generate c£31,600 pa once fully let

Property description

Attractive Mixed Use Investment Part Let to William Hill

Currently producing £27,500 pa, the investment comprises a double retail unit let to William Hill, along with two income producing self-contained apartments. A further apartment will shortly be available. The premises lie within a densely populated area, in the Acocks Green district of Birmingham, close to Solihull town centre.

The premises lie within a densely populated area, front onto Gospel Lane and are situated close to the junction with Severne Road. The property is situated within the Acocks Green district of Birmingham and is located 2 miles north of Solihull town centre.

DESCRIPTION
The investment comprises a double retail unit let to William Hill, along with two income producing self-contained apartments. Additionally, part of the property to the rear is midway through being converted into an additional one bedroom apartment.

ACCOMMODATION
Retail Unit: Gross Internal Area: 255.86 sq m (2754 sq ft)
Apartment A: Kitchen, Living/Diner, 2 Bedrooms, Bathroom
Apartment B: Kitchen, Living/Diner, 2 Bedrooms, Bathroom
Rear Apartment D: Currently Incomplete, but will comprise: Kitchen, Living/Diner, 1 Bedroom, Bathroom

TENANCY
The retail unit is let by way of an FRI lease that expires 10 August 2026 and generates £14,500 pa. The residential units are let by way of ASTs and generate £500 and £525 pcm respectively. Once completed, the additional unit will generate c£400 pcm.

PROPOSITION
The premises are available freehold at a guide price of £450,000.

ENERGY PERFORMANCE CERTIFICATES
The premises are rates as follows:-
Retail Unit: Band C (60)
Apartment A: Band E
Apartment B: Band D
Copies of the Certificates are available upon request.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred throughout the transaction.

SECURITY
Proof of funding will be required before solicitors are instructed.

VAT
We understand that VAT will not be payable on the purchase price, however, interested parties are advised to make their own enquiries.

MONEY LAUNDERING
In accordance with current legislation, we will be required to carry out Anti-Money Laundering checks on successful applicants.

Brochures

Gospel Lane, Acocks Green, Birmingham, B27

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Olton Station0.6 miles
  • Acocks Green Station0.9 miles
  • Spring Road Station1.0 miles

About Centrick Commercial, Birmingham

2nd Floor, The Exchange, 17-19 Newhall Street, Birmingham, West Midlands, B3 3PJ

Centrick Property's dedicated and professional team deal with sales and lettings of high quality Commercial property in Central Birmingham and surrounding areas. Centrick specialises in offering innovative, proactive and flexible sales or lettings solutions that meet and adapt market demand - in short, we have the right solution for your business.

More properties from Centrick Commercial, Birmingham

Notes

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Disclaimer - Property reference AGC200190. 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 Centrick Commercial, 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.

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