Summary - 774-776, BRISTOL ROAD B29 6NA
7 bed 7 bath Block of Apartments
**Standout Features:**
- Mixed-use property with 2 commercial units and 7 residential flats
- Current rental income: £87,300 per year, with growth potential
- Located in a high-demand area near the University of Birmingham and retail amenities
- Significant development potential; opportunity for building additional stories
- Private off-street parking for approximately 10 cars
**Notable Concerns:**
- Commercial Unit 1 is currently on a rolling lease, with potential uncertainty
- High crime rate in the local area
This exceptional mixed-use development at 774-776 Bristol Road offers a unique investment opportunity, combining two commercial units and seven self-contained apartments in a prime, bustling location. Currently generating an impressive rental income of £87,300 annually, there is significant potential for growth, with current rents below market value and the possibility to exceed £100,000 once rents are aligned with market rates.
The residential flats are well-appointed with modern decor, benefiting from shared amenities such as a gym, TV lounge, and communal courtyard, making it attractive for students and young professionals in this vibrant cosmopolitan neighborhood. The dual-access commercial and residential aspects enhance versatility for varied tenants, while planning potential for further development allows room for future capital appreciation.
While the property's location boasts excellent transport connectivity and proximity to amenities, prospective buyers should be mindful of the higher crime rate in the area. Seize this rare chance to own a turn-key investment with promising returns, thriving near the Selly Oak Triangle and University of Birmingham—this prime asset won't stay on the market for long!
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