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Coombs Road, Halesowen, B62 2 bed property for sale
Coombs Road, Halesowen, B62
£250,000
Coombs Road, Halesowen, B62
£250,000
Our Summary
- ** INVESTMENT OPPORTUNITY ** CURRENTLY LET TO LONG TERM TENANTS ** DUE FOR RENT REVIEW **Oakmans offer a fantastic investment opportunity consisting of a shop on the ground floor currently used as a pharmacy and a two bedroom flat on the first floor, both of which are being let to long term tenants
- Both tenancies are up for renewal in Q3 2025 and the potential rents suggested as follows:Commercial unit: £800pcmResidential flat above: £675Combined annual income: £17,700Commercial shop briefly comprises shop floor, office room, WC, behind counter shop floor and stairs down to Storage room/ basement
- Property type: Semi-Detached multi-use propertyTenure: FreeholdCouncil Tax Band: AEPC Rating: TBCConstruction Type: Standard constructionParking Arrangements: On street parking Broadband: Fibre (FTTP)Mobile Signal Coverage: No known issues Water Supply: MainsSewerage: MainsElectric: MainsHeating Supply: GasBuilding Safety Issues: NoSpecial Conditions: NoneFlood Risk or Previous Flooding: NoMine Shafts/Coal Fields/Erosion: NoRestrictions: NoRights and Easements: No Planning Permissions: No Local Developments: NoAccessibility Adaptations: NoCall Oakmans today
- potential for 6
- - POTENTIAL FOR 6
- - potential for 6
Description
Oakmans presents a lucrative investment opportunity, featuring a ground-floor shop currently operating as a pharmacy and a two-bedroom flat above, both currently rented to long-term tenants. The tenancies are up for renewal in Q3 2025, with potential rents of £800 per month for the commercial unit and £675 per month for the residential flat, generating a combined annual income of £17,700. The property comprises a shop floor, office, WC, storage room, and stairs down to a storage room/basement, as well as a hallway, lounge, kitchen, two double bedrooms, family bathroom, and separate shower room with storage rooms/cupboards. The property also features a good-sized lawn and patioed garden, with on-street parking and fibre-optic broadband connectivity. With no known building safety issues, flood risk, or previous flooding, this property offers a stable investment opportunity with potential for increased income through rent reviews.