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Our Summary
- • Development Potential: The site benefits from a substantial plot of land to the rear, offering potential for future development (subject to planning permission)
- Major Regeneration Projects • £500 million Birmingham Smithfield development: This large-scale regeneration project will transform the city centre with a new public square, retail outlets, and leisure spaces, adding significant value to surrounding properties
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Description
The property is a hotel located at 202 Hagley Road in a prime Edgbaston location. It has 29 en-suite facilities, is fully let and consistently occupied. The hotel is on a 10-year secure long-term lease, generating a net rental income of £240,000 per annum or £20,000 per month.
A tenant is responsible for all general maintenance, repairs, and property management, ensuring no void periods or maintenance deductions. The site benefits from a substantial plot of land to the rear, offering potential for future development subject to planning permission. The hotel is freehold, with a brand new 10-year lease, providing a stable and hassle-free income stream.