Freehold Investment Property Located In Shirley

Solihull, West Midlands

Status

FOR SALE

Date Submitted:

24/03/21

Advert ID

274304

Reference

2556 / Rightbiz
Freehold: £469,950
Freehold Investment Property Located In Shirley
Fully Let Produces £38,300 pa (8%) Yield
Ground Floor Office/Showroom
Two Rental Flats Above
Ref 2556

Location
This delightful end of terraced mixed use Investment Property is located on the main (A34) Stratford Road in Shirley. Situated within a prominent and highly visible trading position on a parade of shops and adjacent to another parade of retail shops. There is plenty of free parking opposite and the immediate area has plenty of residential houses.

Freehold Asking Price: £469,950
Ground Floor Available To Rent £21,500 pa

Business Description
Veritas Business sales offer to the market a well presented mixed use Investment Property which is located Shirley. To the ground floor you have a retail showroom & offices which the current owner occupies themselves, alternatively this would rent for circa £21,500 pa. To the first floor you have a two bedroom flat which produces a rental income of £10,200 pa and to the second floor you have a studio flat that produces rental income of £6,600 pa. Fully let the property produces a rental income of £38,300 pa which returns an (8%) yield pa.
We believe that this would suit the investment market or alternatively an owner operator to use for retail or office use and take the rental income from the two flats above. This is a superb opportunity to purchase a well maintained property in desirable area and as such early viewing is highly recommended as this gem is not to be missed.

Ground Floor
Entrance door leading to reception office/showroom
Training office with air-conditioning unit
Office with air-conditioning unit
W/C with wash
Kitchen/staffroom with sink drainer, wall & base units and side exit door.
W/C with was basin and shower enclosure
EPC Rating C

First Floor
Open plan lounge/kitchen
Bathroom with W/C, wash basin and shower enclosure
Hallway with laundry area
Double bedroom
Double bedroom
EPC Rating D
Rents for £10,200 pa

Second Floor
Open plan lounge/bedroom/kitchen
Bathroom with W/C, wash basin and shower enclosure
EPC Rating F
Rents for £6,600 pa
The property benefits from electric storage heating and UPVC double glazing

External
Frontage with off road parking for (2). Side yard with rear parking for (2) and metal stairs leading to the first floor accommodation
Contact Agent
Advert Reference:
2556 / Rightbiz
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