Summary - 1162a, Stratford Road, Hall Green B28 8AF
2 bed 2 bath Terraced
**Key Features:**
- Freehold mixed-use property with a retail unit and a two-bedroom residential flat.
- Prime location on the busy A34 Stratford Road, offering high visibility and foot traffic.
- Fully let, generating a steady income of £18,000 per annum.
- Ground floor retail space (862 sq ft) and separate access to the residential flat above.
- Rear yard with parking for two vehicles and a single garage.
- Current lease with 24 years remaining, rent review in 2029 (may affect mortgage options).
- Located in a diverse community with good local amenities and schools nearby.
This three-storey freehold property presents a unique investment opportunity in a vibrant area just a stone's throw from Birmingham city center. The ground floor features a well-appointed retail unit, ideal for a convenience store or small business, while the two-bedroom residential flat above offers comfortable living space. With an annual rental income of £18,000 and a secure lease in place, this property is perfect for investors seeking reliable returns.
However, prospective buyers should note that the remaining lease duration of 24 years may pose challenges with mortgage lenders. The property requires modern heating solutions, with electric heating currently in place, and potential buyers should investigate the condition of insulation and other facilities.
Located within a bustling multicultural area, this property benefits from ample local amenities, good schools, and excellent transport links. Given its lucrative potential and prime location, this mixed-use property is an investment worth considering before it slips away!
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