£350,000

Retail premises for sale

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Offers over

£350,000

(£259.67/sq. ft)

Retail premises for sale

Lozells Road, Birmingham B19

1,348 sq. ft

Local area information

Property location

Nearby amenities

  • Heathfield Primary School 0.2 miles
  • Anglesey Primary School 0.3 miles
  • Perry Barr 1 mile
  • Jewellery Quarter 1 mile

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Birmingham to find out more about the area.

Features and description

  • Freehold Investment Opportunity
  • Commercial Freehold For Sale
  • Situated within a Densely Populated Area
  • Approx 1.5 mile from Birmingham City Centre
  • Includes Upper Floors with Potential for Residential Conversion (STC)
  • Prominent Frontage
  • Comprising Approx. 1,347.84 Sq Ft
  • High Footfall
Fantastic Investment Opportunity!

We are pleased to bring to market this fully leased three-story property in Lozells, Birmingham comprising 1,347.84 Sq Ft.

The property offers a promising investment opportunity. With the potential to convert the upper floors into residential flats, subject to obtaining the necessary consents, there is scope for increasing the property's rental yield or capital appreciation.
The demand for housing in Birmingham remains high, and this property's location and adaptability position it favourably for meeting those demands.

Situated on Lozells Road, this property benefits from a strategic location within the bustling neighbourhood of Lozells, Birmingham. It enjoys easy access to a range of amenities, including shops, restaurants, and schools, are within walking distance, making it an attractive location for residents and businesses alike.
Recent property market trends indicate steady price growth, and with planned infrastructure projects in the vicinity, the area's desirability is expected to increase further.

The location further benefits from excellent transport links, with nearby bus routes and easy access to the city centre.

Accommodation:
Ground Sales: 60.92 Sq M | 655.84 Sq Ft
First Floor Office: 38.38 Sq M | 413.11 Sq Ft
Second Floor Storage: 25.91 Sq M | 278.89 Sq Ft
Total - 125.22 Sq M | 1,347.84 Sq Ft

Tenure:
Freehold

Lease Information:
The property is currently let on a 10- lease commencing 2022.
The lease arrangement provides the buyer with a guaranteed rental income for the specified period, ensuring a stable return on investment.
Note- The lease terms and conditions should be reviewed for further details regarding rent, tenant responsibilities, and any applicable break clauses.

Rates
According to the Valuation Office Non-domestic Rating List 2023, the following rateable values apply:
Rv - £9,600
EPC

To be confirmed
VAT

VAT will be payable where applicable

Services
Interested parties are advised to make their own enquiries

Legal Costs
Each party is to be responsible for their own legal costs

Viewings
Strictly via booked appointment through the agent: Aisha Hussain

Misrepresentation Act 1967
Whilst all the information in these particulars is believed to be correct, neither the agents nor their clients guarantee it's accuracy, nor is it intended to form part of any contract. All areas quoted are approximate.

More information

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  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Birmingham
  5. Lozells
  6. Lozells Road

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