774 Bristol Road, Selly Oak, Birmingham, B29 6NA

Offer in excess of

£900,000

Size

3,947

Tenure

Freehold

EPC

Parking

Ask agent

Primary use
Mixed use

No floor / site plan

Key features

  • Offers in Excess of £900,000
  • Current Gross Income: £92,740
  • Rear Car Park
  • Long-Term Commercial Tenants with Newly Agreed 5 Year Leases
  • Seven Self-Contained Residential Units at First Floor
  • Scope for Further Development
  • Approx. 10.3% Gross Yield
  • Prominent A38 Bristol Road Frontage, Selly Oak

Description

Description
The property comprises a mixed-use investment prominently positioned at the junction of Bristol Road and Elliott Road.

The commercial accommodation includes two ground-floor retail units fronting Bristol Road, each providing predominantly open-plan sales accommodation with direct pedestrian access. The tenants have recently signed new 5 year leases totaling £26,500 per annum.

At first-floor level, the property provides seven self-contained studio apartments, all of which benefit from a Certificate of Lawfulness. The accommodation is accessed via a communal entrance from Bristol Road, with additional rear vehicular access available from Elliott Road.

The residential units are fully let to professional occupiers on Assured Shorthold Tenancies.

The residential element also benefits from communal ground-floor amenity accommodation, comprising a kitchen and dining area, pool table, WC facilities and a home gym. This space may be suitable for redevelopment to create a self-contained one-bedroom residential unit (STPP).

The residential accommodation is let on an all-inclusive basis, with gas and electricity not currently metered separately.

Externally, the property benefits from a clear, level rear car park providing parking for multiple vehicles, which is accessed via Elliott Road.

Location
The property occupies a prominent position fronting Bristol Road within the popular Selly Oak area of Birmingham, approximately 4 miles south-west of Birmingham city centre.

Bristol Road forms part of the A38, one of Birmingham’s principal arterial routes, providing direct access into the city centre and south towards Northfield, Longbridge and Junction 4 of the M5 motorway. The nearby A441 Pershore Road and A4040 Outer Circle Road provide convenient connections to the wider Birmingham conurbation.

Selly Oak Railway Station is within close proximity and provides regular services to Birmingham New Street, while numerous bus routes operate along Bristol Road. The property is also well placed for the University of Birmingham, Queen Elizabeth Hospital Birmingham and the wider Selly Oak Shopping Park.

The surrounding area comprises a busy mixture of retail, leisure, residential and student accommodation, with high levels of passing traffic and a substantial local catchment.

What3words
///mash.grew.envy

Services
We understand that the building benefits from all mains services.

The agent has not tested the suitability of the connections and recommends that interested parties carry out their own investigations.

EPC
EPC data can be found at:



Tenancy Schedule
A full tenancy schedule is available via the agent.
Additional information
Service charge
Ask agent
Business rates
Ask agent
Use class
Ask agent
Listed building
Ask agent
Energy performance certificate: D

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

Ask agent

Environmental data
BREEAM rating
Ask agent
Environmental description
Ask agent
Read more about energy considerations for commercial property

Brochure

774 Bristol Road, Selly Oak, Birmingham, B29 6NA

NEAREST STATIONS

National Rail

Selly Oak Station

0.16 miles

National Rail

University Station

0.73 miles

National Rail

Bournville Station

1.08 miles

About Siddall Jones Ltd, Birmingham

Siddall Jones Ltd, Birmingham

Siddall Jones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region.

We are multi disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets to provide a range of services to our local and national clients.

Your search history

You have no recent searches

Disclaimer - Property reference 384777-1. 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 Siddall Jones Ltd, 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.