7 bed business park for sale

Rookery Road- 10% Net Yield Investment, Handsworth, Birmingham B21

Description

opa are pleased to present an excellent opportunity to acquire a substantial mixed-use freehold investment prominently positioned on the established Rookery Road shopping parade in Handsworth, Birmingham.

The property comprises two income-producing ground-floor retail units, together with extensive residential accommodation arranged across the upper floors and rear. The residential element comprises six bedrooms with shared facilities, plus a separate one-bedroom flat.

The investment currently generates a total net rental income of £70,000 per annum, providing an attractive 10% net yield and diversified income from both commercial and residential occupiers.

Both retail units are let at £900 pcm each (£10,800 p.a. Each), while the upper-floor residential accommodation is leased to a supported accommodation provider, producing approximately £48,400 p.a.

Financial Overview:

• £5,833 Approx. Net Monthly Rental Income

• £70,000 net Annual Rental Income

• Attractive 10% net Yield

• Freehold Mixed-Use Investment

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• 6-Bedroom Residential Accommodation

• Shared Residential Facilities

• Separate 1-Bedroom Flat To The Rear

• 2 Ground-Floor Retail Units – Both Let And Income Producing

• Upper-Floor Accommodation Leased To A Supported Accommodation Provider

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Ideal For:

• Property Investors seeking high-yield, passive income

• Buyers looking for stable, long-term returns

• UK and overseas investors

• Buyers seeking secure, hands-off investments

Location

The property is prominently situated on Rookery Road, within a busy and well-established commercial shopping parade. Rookery Road benefits from a strong mix of independent retailers, local businesses and residential properties, creating a well-established trading and residential catchment. The property enjoys good visibility from the road and is conveniently positioned for access to Birmingham City Centre and the wider Birmingham road network, making it a well-connected location for both commercial and residential occupiers.

Tenure

• Freehold: An attractive freehold mixed-use investment comprising two ground-floor retail units with residential accommodation above and to the rear.

• Rental Income: The property generates a total rental income of £70,000 per annum (approximately £5,833 per month).

The residential accommodation is leased to a supported accommodation provider, producing £48,400 per annum, while the two retail units generate a combined £21,600 per annum.

With a 10% net yield and income from both residential and commercial occupiers, this is an attractive high-yielding investment opportunity.

Viewings

Please contact The opa for viewings.

Material Information

The opa have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable/unknown. Any buyer must carry out their own due diligence and rely on their own searches, investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding and entering into the exclusivity agreement on this property.

Council Tax Band

Band –A
EPC


EPC –

Flat 279 - C
Flat 281 - C

Shop 279 - EPC C
62 SqM / 670 SqFt

Shop 281 - EPC C

62 SqM / 670 SqFt

Material/Construction

Standard construction

Utilities

Mains electricity, gas, water, sewage

Heating

Gas central heating

Broadband

Ask agent

Parking

On street Parking

Any restrictive covenants, any easements, servitudes, wayleaves, any public rights of way across property or boundaries

Refer to property pack.

Any flooding in last 5 years

Not known

Is the property listed?

No

Confirm existence and nature of any known planning or proposals for development

We are advised that the property is not considered a HMO and is used under Use class C3(b)/(c) and the housing provider does not require a HMO Licence.

Property Accessibility – any step free access inc. Ramps/lifts?

No

Any wet room/level access shower?

No

Is the property known to be on a coalfield/mining or directly impacted by effect of other mining activity?

Not known.

Any other material information – information that may affect the average consumer’s decision making

Refer to pack and advertisement

Buyers Fee

Buyer's Fee of 2% of the Purchase Price, subject to Minimum Fee £3,999 (whichever is greater). All fees inclusive of VAT. T&Cs apply.

Please request Information Pack, Buyer’s Guide & FAQs.

You will be required to enter an “Exclusivity Agreement” with the Seller, granting you, the Buyer, the Exclusive right to purchase the property within the exclusivity period. Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement

Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale is generally eight weeks, but this will be specified in the Exclusivity Agreement (please note, we may be able to negotiate the timeframe, so please discuss with your opa representative).

This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market. By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.

The opa’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you and the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually up to 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted, and during this period the buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.

This property is being offered under The opa’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement”. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys:

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days/8 weeks, however, please confirm seller’s required timescale).

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping.

• Helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Steps to Purchase

Step 1 - Register your interest.

Step 2 - Arrange your finances, carry out your due diligence, ask questions, get legal/financial advice if required. Request and review the property pack. You are advised to get legal advice prior to offering on the property.

Step 3 - Arrange a viewing (if you require a viewing). If you do not require a viewing and offer without a viewing, you are doing so at your own risk.

Step 4 - Make an offer.

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package.

Step 6 - Exchange and completion.

Important Notes

Buyers should carry out their own due diligence/investigations, and if required seek independent legal/financial advice.

The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation, lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement.

Buyers should carry out their own due diligence/investigations and if required seek independent legal/financial advice prior to entering the Exclusivity Agreement.

In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a relative of the Director of THE ONLINE PROPERTY AGENCY LTD.

Money Laundering Regulations

1. Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. These particulars do not constitute part or all of an offer or contract.

3. The measurements indicated are supplied for guidance only, and as such must be considered incorrect.

4. Potential buyers are advised to recheck the measurements before committing to any expense.

5. All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility, and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

6. No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of writing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967

The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

(1) These particulars do not amount to, nor amount to any part of, an offer or contract.

(2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.