Summary
| Property Type | Mixed Use |
| Tenure | For Sale |
| Size | 3,947 sq ft |
| Price | Offers in excess of £900,000 |
| Rates Payable | Upon Enquiry |
| EPC Rating | This property has been graded as D |
- Offers in Excess of £900,000
- Current Gross Income: £92,740
- Rear Car Park
- Long-Term Commercial Tenants with Newly Agreed 5 Year Leases
- Seven, Self-Contained Residential Units at First Floor
- Scope for Further Development
About
The property comprises a mixed-use investment prominently positioned at the junction of Bristol Road and Elliott Road.
The commercial accommodation includes two ground-floor retail units fronting Bristol Road, each providing predominantly open-plan sales accommodation with direct pedestrian access.
At first-floor level, the property provides seven self-contained studio apartments, all of which benefit from a Certificate of Lawfulness. The accommodation is accessed via a communal entrance from Bristol Road, with additional rear vehicular access available from Elliott Road.
The residential units are fully let to professional occupiers on Assured Shorthold Tenancies, with rents charged on an all-inclusive basis.
The residential element also benefits from communal ground-floor amenity accommodation, comprising a kitchen and dining area, pool table, WC facilities and a home gym. This space may be suitable for redevelopment to create a self-contained one-bedroom residential unit (STPP).
The residential accommodation is let on an all-inclusive basis, with gas and electricity not currently metered separately.
Externally, the property benefits from a clear, level rear car park providing parking for multiple vehicles, which is accessed via Elliott Road.
Location
The property occupies a prominent position fronting Bristol Road within the popular Selly Oak area of Birmingham, approximately 4 miles south-west of Birmingham city centre.
Bristol Road forms part of the A38, one of Birmingham’s principal arterial routes, providing direct access into the city centre and south towards Northfield, Longbridge and Junction 4 of the M5 motorway. The nearby A441 Pershore Road and A4040 Outer Circle Road provide convenient connections to the wider Birmingham conurbation.
Selly Oak Railway Station is within close proximity and provides regular services to Birmingham New Street, while numerous bus routes operate along Bristol Road. The property is also well placed for the University of Birmingham, Queen Elizabeth Hospital Birmingham and the wider Selly Oak Shopping Park.
The surrounding area comprises a busy mixture of retail, leisure, residential and student accommodation, with high levels of passing traffic and a substantial local catchment.
Mainline Stations
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Selly Oak3 mins
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University (Birmingham)14 mins
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Bournville21 mins
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Kings Norton35 mins
Underground Station
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Chesham1465 mins
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Amersham1497 mins
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Chalfont and Latimer1530 mins
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Reading1532 mins
Downloads
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Further Information
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Services
We understand that the building benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that interested parties carry out there own investigations. -
EPC
EPC data can be found at:
https://find-energy-certificate.service.gov.uk/find-a-certificate -
Tenancy Schedule
A full tenancy schedule is available via the agent.
Gallery
