Summary - 263 Beeches Road,Birmingham,B42 2QS B42 2QS
1 bed 1 bath Commercial Development
Income-producing retail unit plus flat; short lease and repair work suit cash investors..
- Ground-floor takeaway let producing £10,000 pa
- Self-contained flat producing £7,800 pa with uplift potential
- Offers sought at £205,000 reflecting 8.48% net initial yield
- Leasehold with only 7 years remaining on the long lease
- Mortgage lenders likely to refuse due to short lease term
- Service charge payable for communal area upkeep
- Property requires repair and modernization work
- Business rates rateable value £5,600 (from April 2023)
A compact retail-and-residential investment situated on Beeches Road in Perry Beeches, offered as a long leasehold. The ground-floor takeaway is let and produces a stable passing rent, while the self-contained flat provides an immediate secondary income with room for rental uplift.
The price reflects a net initial yield of 8.48% at offers of £205,000, making this a clear opportunity for investors seeking a hands-on asset in a largely residential parade. The current combined rent is £17,800 per annum; the flat is let on an AST and could achieve higher rent after refurbishment or at relet.
Buyers should note significant constraints: the long leasehold has only seven years remaining, which will likely prevent mortgage finance and restrict the buyer pool. There is also a service charge for communal upkeep, and the buildings show evidence of repair and modernization needs that will require capital expenditure.
For a cash buyer or specialist investor this represents short-term income with reversionary potential after tenant turnovers and modest works. Legal, VAT and EPC details should be checked; business rates and any service charge liabilities need confirming before exchange.
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