Lodge Road, Hockley, Birmingham B18, Property for sale

Property Details: • Type: N/A

• Bedrooms: 0 • Bathrooms: 0

Description: Description<br><br>The opa are pleased to present this freehold multi-unit mixed use investment opportunity, with a rental income £2860 pcm / £34,320 p.a<br><br>This substantial property comprising of two shops with residential accommodation above and to the rear, plus a sizeable storage unit accessed via the rear, which may be suitable for a variety of uses, commercial and residential STP.<br><strong>Accommodation<br></strong><br><br>Shop Currently trading as Desert Shop / Take Away<br><br>Shop Currently trading as Letting Agent<br><br>1 x 1 bedroom flat to rear<br><br>4 x Flats to upper floors (3 x 1 Bedrooms, 1 x Studio)<br><br>Detached storage unit to rear.<br><br>We are advised the flats to the upper floors have separate meters.<br><br>Tenure:<br><br>Freehold sold with tenants in situ, generating a net rental income of £2860 pcm / £34,320 p.a.<br><br>Shop 1 (Desert Shop/ Take Away) ; £560 pcm/ £6720 p.a<br><br>Shop 2 (Letting Agent): £300 pcm / £3600 p.a<br><br>1 x 1 bedroom flat to rear ; £300 pcm / £3600 p.a<br><br>4 x Flats above shops (3 x 1 Beds, 1 x Studios)<br><br>Flat 1: £400 / £4800 p.a<br><br>Flat 2: £300 / £3600 p.a<br><br>Flat 3: £500 / £6000 p.a<br><br>Flat 4: £500 / £6000 p.a<br><br>Total Rental Income: £2860 / £34,320 p.a<br><strong>Agent notes<br></strong><br><br>Please note; we await confirmation of rents from vendor.<br>We are advised that the flats to the upper floors have seperate utilities, the flat to the rear of the building does not have separate metering.<br><strong>Location<br></strong><br><br>The property is conveniently located for Soho Road, the Jewellery Quarter and within easy reach of Birmingham City Centre &amp; transport and public transport.<br><br>Birmingham<br><br>As the second-largest city in the UK, Birmingham has been undergoing a huge economic and cultural renaissance over the past few years, fuelled by the arrival of the new high-speed rail link, HS2, to London, bringing with it a multi billion injection into the local economy.<br><br>As well as being a core city within the UK, Birmingham also ranks as one of the most popular investment locations in Europe with £billions of investment into infrastructure projects across the city<br><br>Combined with the growing demand for property, this offers insight into why investors should consider the second city.<br><br>As the second largest city in the UK – with a population of 1.4 million – Birmingham continues to be a key investment location.<br><br>Birmingham rents have grown by 28% since 2009 and are set to grow by 10% over the next four years.<br><br>Global businesses such as HSBC, Deutsche Bank and PwC have all relocated their headquarters to Birmingham, creating a world-class network of career opportunities for residents.<br><strong>Viewings<br></strong><br><br>Please contact The Online Property Agency for viewings.<br><strong>Buyers fee<br></strong><br><br>Buyer's Exclusivity Fee of 2% of The Purchase Price.