Summary - 49-63 High Street, Halesowen, West Midlands, B63 3BG B63 3BG
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime location in Halesowen Town Centre with high foot traffic
- Unbroken retail parade comprising eight units, totaling 9,773 sq. ft.
- Fully let, generating an annual income of £114,000
- Live planning consent for residential conversion above units 51-53
- Freehold investment with a guide price of £1,295,000, offering a net initial yield of 8.31%
**Summary:**
This exceptional commercial property on High Street, Halesowen presents a lucrative investment opportunity for buyers seeking established rental income and future development potential. Comprising eight fully let retail units along with a significant advertising hoarding, the property spans an impressive 9,773 sq. ft. and produces a reliable annual income of £114,000. With nearby conversion opportunities for residential space, specifically with live planning permission to transform the upper floors of units 51-53 into two dwellings, there is substantial potential for both growth and diversification.
Located at the heart of a bustling shopping district, this property enjoys excellent visibility and accessibility. Local amenities, including a diverse array of shops, restaurants, and essential services are just a short walk away. With the rapid link to the M5 motorway, this location benefits from significant vehicular traffic as well. However, potential buyers should be aware that the property may require some maintenance to fully capitalize on its appeal and functional use.
Offering an attractive net yield and the possibility of enhanced value through strategic renovations, this property not only serves current retail needs but also invites buyers to envision future developments. Don’t miss this chance to secure a stable investment in a thriving urban area!
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