1058-1066 Yardley Wood Road & 72-78 School Road, Birmingham, West Midlands, B14 4JP
A Prominent Freehold Mixed-Use Investment Opportunity
Under offer
Features
- Highly visual prominent Investment opportunity with value added potential
- Four retail units & four residential properties
- Fully let producing £71,500 per annum
- 7,346 sq ft ( 682.46 sq m) of accommodation on a site of 0.25 acre
- Freehold
- Guide Price: Offers based on £900,000
Description
The property comprises an unbroken parade of 4 retail shops and 4 residential properties above extending to 7,346 sq ft (682.46 sq m) of accommodation. The retail units range in size with the largest being a double unit on School Road of some 1,520 sq ft (141.21 sq m). Each of the residential properties are of a good size and currently provide an excellent opportunity for rental growth. There is a yard to the rear providing service access to the shops.
Location
The parade is prominently located on the island at the interchange between Yardley Wood Road and School Road, close to McDonalds, Shell, Coral and a wide variety of independent retailers. Yardley Wood lies approximately 6 miles south of Birmingham City Centre and provides easy access to both the A435 and A45 which lead into Birmingham. Yardley Wood railway station lies less than 1 mile to the east and the parade has immediate access to public transport via local bus routes. The surrounding area is predominantly residential with a vibrant retail mix and a local population of over 25,000 within a one-mile radius, supporting a mix of national and independent occupiers in this established location.Accommodation
Please see full Sales Particulars.Tenure
Freehold, subject to the existing tenancies.Tenancy
Please see full Sales Particulars.Price
Offers based on £900,000 are invited for the Freehold interest, subject to the existing tenancies.A purchase at this level would reflect a net initial yield of 7.52% after usual purchaser’s costs.
