Land for sale

Highfield Road, Hall Green, Birmingham B28

Freehold Investment Property Located In Hall Green, Birmingham
Total Rental Income £46,848 Per Annum
9.8 % Return On Investment
Commercial Let £30,000 Per Annum
Residential Lets £ 16,848 Per Annum

Ref 3152
Asking Price £480,000

Location
Veritas Business Sales are delighted to bring to the market this freehold investment property, occupying a prominent and highly visible position on the corner of Highfield Road and the busy A34 Stratford Road in Hall Green, Birmingham. The property forms part of a small parade of shops and benefits from excellent visibility and strong surrounding residential density. Adjacent to the property is The Bull's Head public house, while Waitrose and Aldi supermarkets are also close by, helping to generate significant levels of passing trade and footfall. Hall Green is well served by public transport and benefits from a substantial established residential population. Birmingham City Centre is approximately 6 miles away, with Solihull Town Centre approximately 3 miles away. A well-positioned freehold investment comprising a commercial unit and two residential apartments, producing a combined rental income of £46,848 per annum.

Business Description
Veritas Business Sales offer to the market this freehold investment property in Hall Green, comprising a ground-floor restaurant together with two self-contained one-bedroom residential flats arranged over the first and second floors.
The ground-floor commercial premises are occupied under a 15-year Fri lease, which commenced on 31st May 2023, at a current passing rent of £30,000 per annum.
An rpi-linked rent review is due in 2028, with further reviews taking place every three years thereafter.
The two residential flats are separately let and currently generate a combined net rental income of £16,848 per annum.
Rental profile

Ground Floor Commercial Unit
£30,000 per annum
Two Residential Flats
£16,848 per annum
Total rental income

£46,848 per annum
asking price: £480,000
Based on the asking price and current rental income, this represents an approximate 9.8% return on investment.
An attractive opportunity for investors seeking an established income-producing freehold property with both commercial and residential elements.
Early viewing is highly recommended.

Ground Floor
Restaurant
Customer toilets
Kitchen
Dry stores
Storeroom
Hallway
Staff W/C
Self contained rear door with hallway and stairs leading to the accommodation above.
Commercial EPC Rating B

External
Frontage with pergola restaurant. Rear yard with covered bin store and parking for (1).

First Floor
Lounge/kitchen. W/C with wash basin. Hallway with storage cupboard. Single bedroom with shower. Stairs leading to the second floor.

Second Floor
Double bedroom. Lounge/kitchen. Bathroom with bath and electric over bath, W/C and wash basin.
Domestic EPC rating D