Summary - Flat, 776, Bristol Road, Selly Oak, BIRMINGHAM B29 6NA
7 bed 7 bath Mixed Use
**Standout Features:**
- Mixed-use property: 2 commercial units + 7 residential flats
- Current rental income: £87,300 p.a., with potential to exceed £100,000 once rents adjusted
- High-demand location with strong foot traffic and proximity to the University of Birmingham
- Extensive communal area with gym, TV lounge, and pool table for residents
- Development potential for additional stories or property expansion (subject to permission)
- Secure parking available for around 10 vehicles
**Property Summary:**
Discover a versatile mixed-use investment opportunity at 774-776 Bristol Road, Selly Oak. This property features two commercial retail spaces generating stable income, alongside seven well-maintained residential flats (5 studios and 2 one-bedroom units) currently yielding a combined total of £66,000 annually. With rental rates currently below market value, savvy investors stand to benefit from an impressive rental growth potential—projected to exceed £100,000 per year once adjusted.
The location is ideal, nestled in a bustling area with high foot traffic and near desirable amenities including the University of Birmingham, Queen Elizabeth Hospital, and excellent public transport links. Residents will enjoy a welcoming communal space designed for socialization and relaxation, rounded out by private parking for convenience.
Note that there are three years remaining on leases for some units, which may present challenges for financing, as mortgage lenders may be hesitant to lend. Additionally, the area does experience higher crime rates, so new residents should be discerning. However, the significant potential for future development and attractive rental yields position this property as a rare find in a competitive market. Don’t miss out on the chance to elevate your investment portfolio in a vibrant and sought-after location.
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