290 Wake Green Road, Birmingham, West Midlands, B13 9QP
- For Sale
- Investment
- 2,012 Sq Ft
- £500,000
290–292 Wake Green Road comprises a prominent mixed-use investment occupying an established position within the Wake Green Road frontage.
The property provides a well-balanced combination of retail, office and residential accommodation, producing a current rental income of £38,120 per annum. The investment benefits from an established occupier profile, with the principal commercial tenants having occupied the property for many years. Lowsons occupies the ground and first floors of 292–292A, whilst Courtney Hair & Beauty occupies the ground floor of 290. The two residential flats, 290A and 290B are located to the ground floor and first floors adjacent to and over Courtney Hair & Beauty. A key feature of the investment is the longevity of the existing income stream, with the principal commercial occupiers having been established at the property since the early 1990s. The commercial leases have also recently been renewed, providing further continuity to the investment. The property therefore provides an opportunity to acquire an established mixed-use income-producing asset, combining commercial and residential accommodation within a prominent south Birmingham location.
Wake Green Road is an established local thoroughfare approximately 4 miles south of Birmingham city centre, situated within the established south Birmingham suburbs of Moseley, Hall Green and Kings Heath. The surrounding area provides a broad range of shops, restaurants, cafés, professional services and community facilities, with Moseley Village providing an established local centre. The property also benefits from convenient access to the A435 Alcester Road and A4040 Outer Circle, providing connections throughout south Birmingham and the wider West Midlands. Local bus services further enhance accessibility.
Investment opportunity: the combination of a prominent position, diversified accommodation, established occupiers and long-standing rental income provides a straightforward investment proposition for private investors, property companies and owner-managed investment portfolios.
290 Wake Green Road – Ground Floor - Courtney Hair & Beauty £8,000 per annum / 292–292A Wake Green Road – Ground and First Floors - Lowsons £15,000 per annum
290A Wake Green Road – Ground Floor Flat - Residential £9,000 per annum / 209B Wake Green Road – First Floor Flat - Residential £6,120 per annum
290 Wake Green Road - Ground Floor - Courtney Hair & Beauty - Lease for 6 years from 24th August 2026 at a rental of £8,000 per annum
Ground and First Floor, 292-292A Wake Green Road - Lowsons - Lease for 10 years from 11th June 2026 at a rental of £15,000 per annum Both leases are held on an internal repairing and insuring basis. Courtney Hair & Beauty is responsible for the upkeep of the shopfront.
The Landlord insures the property and recharges the commercial tenants their appropriate share of the insurance premium. The forecourt is a shared cost between all of the tenants. The Landlord initially incurs the relevant costs and recharges a fair share to Lowsons and Courtney Hair & Beauty. The balance is retained by the Landlord, as the residential tenants are not liable to contribute towards the forecourt costs.