Regis House, 223 Halesowen Rd, Old Hill, Cradley Heath, B64 6JE

Property Details: • Type: Office • Tenure: FREEHOLD • Floor Area: 7053 sqft

Key Features: • Producing £82,500 per annum • Reflecting a 9.17% gross yield at £900,000 • Mixed-use investment (commercial + residential) • Comprising 9 self-contained flats (ASTs) • Freehold with on-site parking provision

Location: • Nearest Station: Old Hill Station • Distance to Station: 0.5359841465962293 miles

Agent Information: • Address: 50, St. Johns Close, Knowle, B93 0NN

Full Description: Description<br />Regis House comprises a substantial mixed-use investment property prominently positioned fronting Halesowen Road in Old Hill, Cradley Heath.<br /><br />The property consists of a ground floor commercial unit together with 9 self-contained residential flats, all currently let on Assured Shorthold Tenancies, producing a combined rental income of £82,500 per annum.<br /><br />The building is of traditional brick construction with later extensions to the rear, providing a total net internal floor area of approximately 7,053 sq ft, together with the benefit of undercroft and rear parking.<br /><br />The asset provides a well-balanced income stream across both residential and commercial elements, with scope for future rental growth and active asset management.<br /><br />Location<br />The property occupies a prominent roadside position on Halesowen Road within Old Hill, serving a densely populated residential catchment.<br /><br />Old Hill is situated approximately 2 miles from Halesowen and 7 miles west of Birmingham City Centre, with the surrounding area comprising a mix of retail, commercial and residential uses.<br /><br />The location benefits from strong local demand for rental accommodation and good connectivity to the wider Black Country and West Midlands region.<br /><br />Terms<br />The property is held freehold and fully let producing a total income of £82,500 per annum.<br /><br />The income is derived from 9 self-contained residential flats, all let on Assured Shorthold Tenancies, generating approximately £70,500 per annum, together with a ground floor commercial unit producing £12,000 per annum.<br /><br />The asset provides a predominantly residential income stream, with additional commercial income offering diversification.<br /><br />Further tenancy and lease information is available upon request.<br /><br />Investment Summary<br />• Total income: £82,500 per annum<br /> • Price: £900,000<br /> • Gross yield: 9.17%<br /> • Mixed-use investment (commercial + residential)<br /> • 9 flats on ASTs<br /> • Freehold interest<br /><br />Asset Management Opportunities<br />• Potential to increase residential rents in line with market levels<br /> • Opportunity to refurbish and re-let units at enhanced rents<br /> • Scope to improve overall specification of the building<br /> • Potential to review and enhance commercial income<br /> • Long-term repositioning or alternative use potential (subject to planning