Freehold Investment Property in Hall Green Birmingham with Rental Income Opportunity

Description

Freehold investment property located in Hall Green, Birmingham, offering a strong rental return and situated in a prominent trading position.Asking Price: £550,000Rental Income: £48,000 per annum (8.7% ROI)Reference: 3152LocationThe property is positioned on a small parade of shops at the junction of Highfield Road and the busy A34 Stratford Road in Hall Green. It benefits from high visibility and consistent passing traffic. Nearby occupiers include The Bull’s Head public house, Waitrose and Aldi supermarkets, all of which contribute to strong footfall in the area. Hall Green is densely populated with residential housing and well served by public transport. Birmingham City Centre is approximately 6 miles away, and Solihull Town Centre is around 3 miles away.Business DescriptionThis freehold investment property comprises a ground floor restaurant and two self-contained residential flats above. A full repairing and insuring (FRI) lease was signed on 31st May 2023 for a term of 15 years. The current rental income is £48,000 per annum, with an RPI rent review due in 2028 and three-yearly reviews thereafter.AccommodationGround FloorRestaurant areaCustomer toiletsKitchenDry storesStoreroomHallwayStaff W/CSeparate rear access with hallway and stairs leading to the residential accommodationCommercial EPC Rating: BExternalFront frontage with pergola restaurant areaRear yard with covered bin store and parking for one vehicleFirst FloorLounge/kitchenW/C with wash basinHallway with storage cupboardSingle bedroom with showerStairs leading to second floorSecond FloorDouble bedroomLounge/kitchenBathroom with bath and electric shower over, W/C and wash basinDomestic EPC Rating: DThis represents a strong investment opportunity with secure long-term income and built-in rent reviews. Early viewing is recommended.