Regis House, 223 Halesowen Rd, Old Hill, Cradley Heath, B64 6JE
Size
7,053
Tenure
Freehold
EPC
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Parking
8
- Primary use
- Traditional office
- Other use(s)
- Other
- Capacity
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- Desks
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No floor / site plan
Key features
- Producing £82,500 per annum
- Reflecting a 9.17% gross yield at £900,000
- Mixed-use investment (commercial + residential)
- Comprising 9 self-contained flats (ASTs)
- Freehold with on-site parking provision
Description
Regis House comprises a substantial mixed-use investment property prominently positioned fronting Halesowen Road in Old Hill, Cradley Heath.
The property consists of a ground floor commercial unit together with 9 self-contained residential flats, all currently let on Assured Shorthold Tenancies, producing a combined rental income of £82,500 per annum.
The building is of traditional brick construction with later extensions to the rear, providing a total net internal floor area of approximately 7,053 sq ft, together with the benefit of undercroft and rear parking.
The asset provides a well-balanced income stream across both residential and commercial elements, with scope for future rental growth and active asset management.
Location
The property occupies a prominent roadside position on Halesowen Road within Old Hill, serving a densely populated residential catchment.
Old Hill is situated approximately 2 miles from Halesowen and 7 miles west of Birmingham City Centre, with the surrounding area comprising a mix of retail, commercial and residential uses.
The location benefits from strong local demand for rental accommodation and good connectivity to the wider Black Country and West Midlands region.
Terms
The property is held freehold and fully let producing a total income of £82,500 per annum.
The income is derived from 9 self-contained residential flats, all let on Assured Shorthold Tenancies, generating approximately £70,500 per annum, together with a ground floor commercial unit producing £12,000 per annum.
The asset provides a predominantly residential income stream, with additional commercial income offering diversification.
Further tenancy and lease information is available upon request.
Investment Summary
• Total income: £82,500 per annum
• Price: £900,000
• Gross yield: 9.17%
• Mixed-use investment (commercial + residential)
• 9 flats on ASTs
• Freehold interest
Asset Management Opportunities
• Potential to increase residential rents in line with market levels
• Opportunity to refurbish and re-let units at enhanced rents
• Scope to improve overall specification of the building
• Potential to review and enhance commercial income
• Long-term repositioning or alternative use potential (subject to planning
- Service charge
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- Business rates
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- Use class
- E
- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Regis House, 223 Halesowen Rd, Old Hill, Cradley Heath, B64 6JE
About Shepherd Commercial, Solihull
Based in Birmingham and and Solihull, we are an established renowned firm of chartered surveyors and managing agents serving the entire West Midlands.
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Disclaimer - Property reference 363685-1. 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 Shepherd Commercial, Solihull. 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.