Birmingham, West Midlands, B23 6LR
For Sale: £1,200,000 for the Freehold
6,894 Sq Ft (640.45 Sq M)
Mixed Use Investment For Sale
Freehold Sale
Granted Planning on 18-Bed HMO
Prominent Corner Location
Development Site
Longstanding tenant
Planning works satisfied
One Beds & Two Beds
Retail site with approved planning for 18-bed HMO conversation above the ground floor. Included in this sale is also the freehold of the rear lane to the property.
Currently tenanted by:
Cost cutters with a yearly rent of £30,000 pa.
Tylers Kitchen with a yearly rent of £13,000 pa
2 Flats Let by AST with a yearly income of £32,540
Lapsed planning application number: 2012/02975/PA
Estimated yearly income for 18-bed HMO, £93,600 PA
Water connections have already been installed with 54mm water pipes, soils have been completed and provisions for electricity together with the DPM and 11m MOT type 2.
Erdington is a suburban area located in the northeastern part of Birmingham, England. It is part of the larger metropolitan area of Birmingham and lies approximately 5 miles (8 kilometres) from the city centre.
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor Tenants | 2298 | 213.48 |
| Proposed First Floor | 2298 | 213.48 |
| Proposed Second Floor | 2298 | 213.48 |
| Total | 6,894.00 | 640.44 |
Caine Gilchrist
Contact us with any queries about the property or to book a viewing
02476 308 900 caine.gilchrist@bromwichhardy.com