Midland Housing Ltd are proud to present this excellent investment opportunity to acquire a property which has two flats and four in shops located off the main Alum Rock Road. These shops have potential to open as a clothing or jewellery boutique or trading office ie: money exchange, travel agent on a very busy island. The shops are all glass fronted with window space for displays and are available immediately. There are currently three small in shops vacant and one rented. The first floor contains two, two bedroom flats which are currently rented. The flats are purpose built with their own gas and electric meters. The in-shop has all the bills included and are a great way to start up a business with low over heads. There are parking spaces outside the shops and a rear access for stock in. The rental incomes for the flats are £450pcm and £500pcm. The shops are £800pcm, £400pcm, £300pcm, £250pcm which will bring a total income of £2700pcm. 

There are a few famous restaurants and many well known stores nearby so brings in trade from around the nation. This investment opportunity is available for purchase immediately and will suit any investor or new-comer looking to make a quick profit. To arrange a viewing contact a member of staff on 0121 773 5500!!!

Please note viewings are highly recommended prior to negotiations

 

Commercial Information

• Ground Floor 4 x In – Shops 

• One In Shop Currently Rented 

• Three In Shops Vacant 

• Ideal for many Start Up trades / Low Overheads

• Communal Kitchen / Bathroom

• Investment Opportunity 

• Rear Access

 

Key Features

• Two Storey – ground floor and first floor

• 2 x Two Bedroom Flats – Rented Out

• 4 Units on Ground Floor

• Purpose Built Flats

• Gas and Electric Meters

• Total Potential Income £2700PCM

 

Location

The property is situated on the Alum Rock Road, Pehlam in a mixed business and residential location approached from the main Alum Rock Road, Washwood Heath Road and the A4040, which is easily accessible from M6, M5 and M42 on the motorway. It is located east to the Birmingham City Centre in an established location. It is placed ideally for all communications in the local area. There are a lot of local businesses and residential homes within walking distance proving to be an excellent location for passing by trade as well as a great potential to be the local in shops. It is located just off the Alum Rock Road and leans off the main Washwood Heath Road also.

 

Rents and Rates

Price £330,000 for full property – Ground Floor and First Floor 

Rental income can potentially be around £32,400 per annum

 

Planning

The property is considered suitable for A1 and A2. All interested parties are to make their own specific enquiries directly with the Local Planning Authority as to their intended use.

There is a great deal of potential in the property with the ground floor in shops and two first floor flats

 

Tenure

Freehold

Viewings

Available immediately upon request – call now on 0121 773 5500