Income-Producing Stirchley Freehold With Two-Bedroom Flat For Sale

Birmingham, West Midlands, UK

Asking Price:: Offers in excess of £325,000

Turnover:: On request

Net Profit:: On request

An income-producing freehold investment on Pershore Road in Stirchley combines ground-floor retail accommodation with a two-bedroom flat above. The property extends to approximately 1,510 sq ft and is offered at offers in excess of £325,000, subject to contract.

The broker reports an existing 15-year lease from 6 June 2018 at a passing rent of £25,000 per annum exclusive. An open-market rent review is stated for 6 June 2027, with reviews every three years thereafter, giving purchasers a defined occupational lease structure to assess.

The two-storey mid-terraced building provides approximately 916 sq ft on the ground floor and 594 sq ft on the first floor. Retail accommodation, a rear store and WC facilities are complemented by a first-floor flat with an open-plan lounge/kitchen and separate bathroom.

The property fronts an established retail parade on the A441 Pershore Road, with connections towards the A38 Bristol Road and A38(M). Enquire today to request the investment particulars, review the tenancy information or arrange a viewing.

Property Information

Property:: Freehold

Living Accommodation:: First-floor two-bedroom flat of approximately 594 sq ft (55 sq m), comprising an open-plan lounge/kitchen area and a separate bathroom. Confirm the occupational arrangements and rights of access; do not promise vacant possession or owner occupation.

Location:

The property is situated in Stirchley, south-west of Birmingham, fronting a busy section of Pershore Road within an established parade of similar retail properties.

Pershore Road forms the A441 and connects towards the A38 Bristol Road and, in turn, the A38(M) Aston Expressway. This provides an established main-road setting with access towards Birmingham’s wider road network.

For a prospective freehold investor, the retail-parade frontage and combination of commercial and residential accommodation are the key location and property features supported by the particulars.

Premises Details:

The property comprises a two-storey, mid-terraced brick-built building beneath a pitched tiled roof, with a glazed shopfront to the ground floor.

Ground-floor accommodation extends to approximately 916 sq ft (85 sq m) and includes retail space, WC facilities and a single-storey store to the rear. Finishes include a concrete floor with part carpeted and part tiled coverings, plastered and painted walls and ceilings, fluorescent lighting and an extraction canopy.

The first floor provides approximately 594 sq ft (55 sq m) and comprises a two-bedroom flat with an open-plan lounge/kitchen area and a separate bathroom. Total accommodation is approximately 1,510 sq ft (140 sq m).

Mains gas, water and electricity are reported to be connected but have not been tested by the agent. The freehold is marketed as an investment subject to an existing occupational lease; vacant possession is not offered in the particulars.