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1 bedroom property for sale
Lodge Road, Hockley, Birmingham, B18
£499,999
Lodge Road, Hockley, Birmingham, B18
£499,999
Our Summary
- The OPA are pleased to present this freehold multi-unit mixed use investment opportunity, with a rental income £2860 pcm / £34,320 p
- This substantial property comprising of two shops with residential accommodation above and to the rear, plus a sizeable storage unit accessed via the rear, which may be suitable for a variety of uses, commercial and residential STP
- • Mortgage buyers and cash buyers compete on equal terms
Description
The OPA presents a freehold multi-unit mixed-use investment opportunity with a rental income of £2860 per month or £34,320 per year. The property consists of two shops with residential accommodation above and a storage unit at the rear, which may be suitable for various commercial and residential uses. The shops are currently trading as a desert shop/takeaway and a letting agent, while the flat at the rear is let out to a single tenant. The upper floors have separate meters for the flats, and the property is located conveniently for Soho Road, the Jewellery Quarter, and Birmingham City Centre. With a growing demand for property in Birmingham and a projected 10% rent growth over the next four years, this investment opportunity is expected to provide a strong return on investment.