Speedwell Road, Birmingham
Key Property Details:
Price: £550,000
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Freehold Property: Offered as an investment with a long-term tenant in place.
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Size: Approximately 5,500 sq ft, comprising ground floor retail space, a first-floor flat, and additional storage areas.
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Current Tenancy: Tenanted with 5 years left on the lease, paying £30,000 per annum for the entire property.
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Rent Review: Details to be confirmed; next review anticipated in 2028.
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Asking Price: £550,000, reflecting a competitive investment opportunity.
Property Summary:
This substantial freehold property, located at 109-111 Speedwell Road in Yardley, Birmingham, offers a versatile investment opportunity. Spanning approximately 5,500 sq ft, the property comprises a ground-floor retail unit, a first-floor flat, and additional storage space.
The property is currently occupied with 5 years left on the lease, generating an annual rental income of £30,000 for the entire premises. Rent review details are to be confirmed, with the next review anticipated in 2028.
Priced at £550,000, this property presents a competitive investment opportunity in a sought-after location.
Location:
Speedwell Road is situated in Yardley, a residential suburb of Birmingham, known for its strong community feel and excellent local amenities. The area offers a variety of shops, schools, and recreational facilities, making it a desirable location for both businesses and residents.
The property benefits from good transport links, with easy access to Birmingham city centre and major road networks, including the A45 and M6, facilitating convenient travel throughout the region.
Viewing is highly recommended to fully appreciate the potential this property offers.
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