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A freehold mixed-use investment in Sparkbrook is offered at £1,200,000, subject to contract, with retail and residential accommodation producing total rental income of £72,280 per annum exclusive.
The property combines three self-contained retail units with upper-floor bedsits and a rear garden. The occupational term runs for five years from June 2023, with two-yearly rent reviews.
Contact the agent to discuss your requirements, request further particulars or arrange a viewing.
Freehold
The retail and residential accommodation is let for five years from June 2023, with rent reviews at each second anniversary. Total rental income is £72,280 per annum exclusive. The property is not elected for VAT.
Twelve bedsits are arranged over the first and second floors, six on each floor, with WC, shower and kitchen facilities.
The property is in Sparkbrook, Birmingham, within an established retail district. Bordesley Railway Station is approximately 0.8 miles away, with main-road connections towards Birmingham City Centre.
The three-storey, mid-terraced brick building has a pitched tiled roof. The ground floor includes three self-contained retail units and a separate entrance to the upper accommodation. The first and second floors each contain six bedsits, with shared WC and shower facilities and kitchen provision. Internal features include laminate and tiled flooring, plastered and painted walls, lighting, gas central heating, kitchenette and WC facilities. Glazed shopfronts, electric shutters and a rear garden serve the property.
