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Attractive Mixed Use Investment Part Let to William Hill Currently Producing £27,500 pa

For sale: £420,000.00|2,754 Sq Ft|Mixed Use, Other, Other Property Types & Opportunities

Property details

FOR SALE£420,000.00
SIZE2,754 Sq Ft
ADDRESS260A & 260B Gospel Lane, Acocks Green, Birmingham, B27 7AH
TYPEMixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity
POSTED ON22nd January 2021

Description

The investment comprises a double retail unit let to William Hill, along with two income producing self-contained apartments. Additionally, part of the property to the rear is midway through being converted into an additional one bedroom apartment.
The premises lie within a densely populated area, front onto Gospel Lane, within the Acocks Green district of Birmingham, and are situated close to the junction with Severne Road.
The retail unit is let by way of an FRI lease that expires 10 August 2026 and generates £14,500 pa. The residential units are let by way of ASTs and generate £500 and £525 pcm respectively. Once completed, the additional unit will generate c£400 pcm.
Accommodation details and sizes are as follows:-
Retail Unit: Gross Internal Area: 255.86 sq m (2754 sq ft)
Apartment A: Kitchen, Living/Diner, 2 Bedrooms, Bathroom
Apartment B: Kitchen, Living/Diner, 2 Bedrooms, Bathroom
Rear Apartment D: Currently Incomplete, but will comprise: Kitchen, Living/Diner, 1 Bedroom, Bathroom

Location

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Location: 260A & 260B Gospel Lane, Acocks Green, Birmingham, B27 7AH

Olton (0.5 miles)

Acocks Green (1.0 miles)

Spring Road (1.0 miles)

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