1058-1066 Yardley Wood Road & 72-78 School Road, Birmingham, West Midlands, B14 4JP

Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: N/A

Key Features:

Location: • Nearest Station: Yardley Wood Station • Distance to Station: 0.8406340051970411 miles

Agent Information: • Address: 1st Floor 75-77 Colmore Row Birmingham B3 2AP

Full Description: For Sale by private treaty. <br /> <br />Offers based on £900,000 are invited for the Freehold interest, subject to the existing tenancies. <br />A purchase at this level would reflect a net initial yield of 7.52% after usual purchaser's costs. <br /> <br />A Prominent Freehold Mixed-Use Investment Opportunity <br /> <br />The property comprises an unbroken parade of 4 retail shops and 4 residential properties above extending to 7,346 sq ft (682.46 sq m) of accommodation. The retail units range in size with the largest being a double unit on School Road of some 1,520 sq ft (141.21 sq m). Each of the residential properties are of a good size and currently provide an excellent opportunity for rental growth. There is a yard to the rear providing service access to the shops. <br /> <br />Accommodation <br />Please see full Sales Particulars. <br /> <br />Location <br />The parade is prominently located on the island at the interchange between Yardley Wood Road and School Road, close to McDonalds, Shell, Coral and a wide variety of independent retailers. <br />Yardley Wood lies approximately 6 miles south of Birmingham City Centre and provides easy access to both the A435 and A45 which lead into Birmingham. Yardley Wood railway station lies less than 1 mile to the east and the parade has immediate access to public transport via local bus routes. <br />The surrounding area is predominantly residential with a vibrant retail mix and a local population of over 25,000 within a one-mile radius, supporting a mix of national and independent occupiers in this established location. <br /> <br />Tenure <br />Freehold, subject to the existing tenancies. <br /> <br />Tenancy <br />Please see full Sales Particulars. <br /> <br />VAT <br />We are advised that VAT is not applicable, but purchasers should rely on their own enquiries in this regard. <br /> <br />EPC <br />All available upon request. <br /> <br />Legal Costs <br />Each party is to be responsible for their own legal costs that may be incurred in this transaction. <br /> <br />Anti Money Laundering <br />In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.