£480,000
(£177.38/sq. ft)
Property for sale144 Highfield Road, Hall Green, Birmingham B28
2,706 sq. ft
EPC Rating: A
Freehold
About this property
Income currently £19,200 per annum (rear workshop)
The front showroom and offices are now vacant, offering immediate opportunity for owner occupation or re-letting.
Asset management potential
Prominent corner location adjacent to neighbourhood retail parade
Description
The property comprises a detached corner building providing ground floor showroom accommodation with first floor offices together with a self-contained rear workshop.
The front showroom and offices are currently vacant. The rear workshop remains let, producing £19,200 per annum.
The whole of the property stands back from the road behind a tarmac forecourt, providing display parking for approximately 17 vehicles.
Access to the showroom is by way of timber concertina doors from the front elevation and a sliding aluminium door to the side elevation. Internally the floors are of solid construction and the property has a suspended ceiling throughout with fluorescent lighting.
Location
The premises are located on the corner of Highfield Road and Blackburne Road in Hall Green, some 5 miles south of Birmingham City Centre. Highfield Road provides excellent access to the A34 Stratford Road and is one of the main arterial routes serving Birmingham City Centre. The surrounding locality is a mixture of residential and retail properties.
Tenure
• Rear workshop – Let at £19,200 per annum
• Front showroom & offices – Vacant
The vacant accommodation provides potential for rental enhancement, alternative use (STP) or owner occupation.
The front showroom and offices were previously let at £32,000 per annum, indicating scope for reversionary income growth.
Services
We understand that all mains services are connected to the property.
Rating Assessments
There are two assessments for the property as follows:-
Ground floor showroom and offices - £25,750
Rear workshop - £4,450
EPC
D(92)
Legal Costs
Each party is to be responsible for their own legal costs in this transaction.
Viewing
Strictly by appointment with the Agents
The property comprises a detached corner building providing ground floor showroom accommodation with first floor offices together with a self-contained rear workshop.
The front showroom and offices are currently vacant. The rear workshop remains let, producing £19,200 per annum.
The whole of the property stands back from the road behind a tarmac forecourt, providing display parking for approximately 17 vehicles.
Access to the showroom is by way of timber concertina doors from the front elevation and a sliding aluminium door to the side elevation. Internally the floors are of solid construction and the property has a suspended ceiling throughout with fluorescent lighting.
Location
The premises are located on the corner of Highfield Road and Blackburne Road in Hall Green, some 5 miles south of Birmingham City Centre. Highfield Road provides excellent access to the A34 Stratford Road and is one of the main arterial routes serving Birmingham City Centre. The surrounding locality is a mixture of residential and retail properties.
Tenure
• Rear workshop – Let at £19,200 per annum
• Front showroom & offices – Vacant
The vacant accommodation provides potential for rental enhancement, alternative use (STP) or owner occupation.
The front showroom and offices were previously let at £32,000 per annum, indicating scope for reversionary income growth.
Services
We understand that all mains services are connected to the property.
Rating Assessments
There are two assessments for the property as follows:-
Ground floor showroom and offices - £25,750
Rear workshop - £4,450
EPC
D(92)
Legal Costs
Each party is to be responsible for their own legal costs in this transaction.
Viewing
Strictly by appointment with the Agents
Mortgage calculator
Monthly repayment
£2,401 per month
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