Olton Blvd E, Birmingham
Key Property Details:
Price: £350,000
- Freehold mixed-use investment property
- Fully tenanted producing £26,100 per annum
- Approx. 7.5% yield based on asking price
- Ground floor commercial chip shop let at £1,175 pcm
- First floor three-bedroom flat let at £1,000 pcm
- Separate residential access to upper floor
- Approx. 2,562 sq ft total floor area
- Commercial lease with approx. 3 years remaining
- Rear access with garage and additional storage space
- Prominent position on Olton Boulevard East, Acocks Green
PROPERTY DESCRIPTION
Property Pro are pleased to present this freehold mixed-use investment property located at 17 Olton Boulevard East, Acocks Green, Birmingham. The property is fully let and provides an immediate income stream, making it an attractive opportunity for investors.
The ground floor is occupied by an established chip shop, currently let and trading, with approximately 3 years remaining on the lease. The accommodation comprises a large front shop area leading into multiple kitchen and preparation areas, together with storage space. To the rear, there is a garage used for additional storage, along with two smaller store rooms and W.C. facilities. The layout provides a well-configured commercial setup suitable for continued food use.
The first floor comprises a spacious three-bedroom flat, accessed independently from the rear via a side alleyway. The accommodation includes a large reception room, a generous kitchen, a bathroom, and three bedrooms. The flat also benefits from a balcony area accessed from the living space, adding further appeal for tenants.
The property benefits from rear access, with space suitable for a small vehicle, enhancing practicality for both commercial and residential use.
The property is fully let, generating a combined income of £26,100 per annum, reflecting an approximate 7.5% yield at the asking price of £350,000, with further potential to increase rental income upon lease renewal and rent review of the commercial unit.
LOCATION & LOCAL AMENITIES
The property is situated on Olton Boulevard East in Acocks Green, a well-established and busy suburban location in Birmingham. The area benefits from a strong mix of residential housing and local retail, supporting consistent demand for both commercial and residential occupiers.
Acocks Green offers a range of amenities including shops, supermarkets, schools and local services. The location benefits from excellent transport links, with easy access to the A45 Coventry Road, providing direct routes into Birmingham City Centre and towards Solihull and Birmingham Airport. Regular bus services operate throughout the area, and nearby rail connections further enhance accessibility.
ACCOMMODATION / FLOOR AREAS
Ground Floor Commercial: Approx. 1,372 sq ft (127.5 sq m)
First Floor Residential: Approx. 1,190 sq ft (110 sq m)
Total Internal Area: Approx. 2,562 sq ft
ADDITIONAL INFORMATION
- Tenure: Freehold
- Price: £350,000
- Investment: Fully tenanted
- Commercial Rent: £1,175 pcm
- Residential Rent: £1,000 pcm
- Total Income: £2,175 pcm (£26,100 per annum)
- Yield: Approx. 7.5%
- Commercial Lease: Approx. 3 years remaining
- Residential Tenure: AST agreement
- EPC: TBC
- VAT: To be confirmed
- Services: We are advised all main services are connected to include mains water and electricity. Property Pro has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard
VIEWINGS
Strictly by prior appointment with Property Pro.
Please do not approach the premises directly.
LEGAL & COMPLIANCE INFORMATION
MATERIAL INFORMATION & DUE DILIGENCE
Property Pro has requested all relevant material information from the seller in line with the Consumer Protection from Unfair Trading Regulations 2008 and has taken reasonable steps to ensure accuracy at the time of marketing. Some details may be unverified or subject to change. Buyers are strongly advised to carry out their own due diligence, including inspections, searches and professional enquiries, to satisfy themselves that the property meets their needs. In accordance with the Money Laundering Regulations, prospective purchasers will be required to provide identification at the appropriate stage.
GENERAL DISCLAIMER & MISREPRESENTATION ACT NOTICE
These particulars are prepared in good faith but do not form part of any offer or contract. All descriptions, dimensions, references to condition, planning permissions, services and other details are provided without responsibility and should not be relied upon as statements or representations of fact. Purchasers must verify all information independently. No employee of Property Pro has any authority to make or give any warranty in relation to this property. Images and marketing materials are for illustrative purposes only and may not fully represent the current condition. In accordance with the Misrepresentation Act 1967, intending purchasers must satisfy themselves as to the accuracy of the information provided.
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