401 Lodge Rd 343 SF 100% Leased Retail Building Birmingham B18 5PW £499,999 (£1,457.72/SF) 6.86% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 4 x Self Contained Flats To Upper Floors
- Storage Unit To Rear (May Be Suitable For A Variety of Uses STP)
- 2 x Retail Shops
EXECUTIVE SUMMARY
Freehold multi-unit mixed use investment opportunity, with a rental income £2860 pcm / £34,320 p.a
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
343 SF
Building Class
B
Year Built
1990
Price
£499,999
Price Per SF
£1,457.72
Net Initial Yield
6.86%
NOI
£34,320
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Building FAR
0.13
Lot Size
0.06 AC
AMENITIES
- Roller Shutters
- Storage Space
NEARBY MAJOR RETAILERS
CONTACT
-
Zara Thomas -
The Online Property Agency Ltd
