Commercial property for sale in Jacey Buildings, 40-48 Birmingham Road, Jacey Buildings, 40-48 Birmingham Road, Sutton Coldfield B72
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Property description
Investment
Reversionary edge of town centre mixed use investment in affluent Sutton Coldfield – For Sale – Freehold
Edge of town centre Freehold mixed-use parade
Affluent and growing catchment
Significant investment planned for Sutton Coldfield town centre
Prominent position fronting Birmingham Road
Mixed retail and residential use with communal gardens to the rear
Generating £88,025 pax with fixed uplift to £89,625 pax in September 2024
Combined erv £100,000 pax
10 residential units sold on long leases, and one which is let on an AST producing £9,000 per annum
Occupiers in the vicinity include Pizza by Goli, Burger & Sauce, Loungers, Pizza Hut Delivery and Indigo Sun
Guide price £1,100,000 which reflects a net initial yield of 7.58%, assuming costs of 5.5%
Property info
For more information about this property, please contact
FHP, NG1 on +44 115 774 9117 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by FHP, and do not constitute property particulars. Please contact FHP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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