264 Chester Road, Castle Bromwich, Birmingham

326 - 986 Sq Ft
£400,000
  • Ref: 211009
  • Type: Investment, Retail
  • Availability: Available
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Property Features

  • Two ground floor retail units
  • Self contained flats
  • Producing £36,000 per annum
  • Off-street parking
  • Prominent position
  • 9% net initial yield
  • April 2024 backdated rent review

Property Summary

A double retail and double residential investment sale producing circa £36,000 per annum with ample reversion opportunity

Full Details

264A and 266 Chester Road, Castle Bromwich consist of two double ground-floor lock-up retail units surmounted by a two-bedroom and one-bedroom flat respectively. 264A currently pay £9,750 per annum with a lease expiry at end of May 2024. 266A occupy a five year term from April 2021 consisting of a current rent of £13,000 per annum with a backdated review due in April 2024. The one-bedroom residential flat produces £6,180 per annum with the two-bedroom unit producing £7,140 per annum.

Location
The investment is located adjacent to Morrisons superstore on Chester Road, Castle Bromwich, some 50 metres prior to the Hurst Lane junction with extensive traffic flow and relatively high footfall passing by. Surrounding the unit is dense urbanisation with Chester Road serving as the core retail sector for Castle Bromwich. Located 2 miles from J5 of the M6, the units have reasonable access to motorway networks and arterial routes such as the Collectors Road leading into the City Centre and further wards of the city.

Viewings
Viewing - Strictly by appointment with the sole agents Shepherd Commercial Ltd

Tel: 01564 778890 / Email: info@shepcom.com

Available Area

Name/FloorSq FtSq MAvailability
g 266 Chester Road66061.32Available
g 264A Chester Road32630.29Available
Total98691.60