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

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

Key Features:

Location: • Nearest Station: N/A • Distance to Station: N/A

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

Full Description: For Sale by private treaty.

Offers based on £900,000 are invited for the Freehold interest, subject to the existing tenancies. A purchase at this level would reflect a net initial yield of 7.52% after usual purchaser's costs.

A Prominent Freehold Mixed-Use Investment Opportunity

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.

Accommodation Please see full Sales Particulars.

Location 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. 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. 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.

Tenure Freehold, subject to the existing tenancies.

Tenancy Please see full Sales Particulars.

VAT We are advised that VAT is not applicable, but purchasers should rely on their own enquiries in this regard.

EPC All available upon request.

Legal Costs Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering 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.