Mixed use for sale
Property description & features
- Tenure: Freehold
- Mixed use commercial and residential site
- Potential for significant development
- 2 retail units and 7 residential flats
- Current rental income £87,300 p.a. with potential to increase
Two commercial units, an entrance hall and communal space for tenants of the residential accommodation above.
776 Bristol Road (Commercial): Lease expired, currently holding over. Anual rent £14,220
774a Bristol Road (Commercial): Lease expires 29/07/2026.. Anual rent £7,800,
1st Floor
Stairs from the communal space on the ground floor lead up to the 1st floor accommodation which is comprised of a communal gym and seven separate self contained units of accommodation, two 1-bed, and five studio apartments each with their own kitchen and bathroom facilities.
The 7 flats are let on ASTs including utilities, at a current anual rent of £65,280.
External
Behind the frontage of 774-776 Bristol Road is a car parking area included witin the site with access to Elliott Road.
Location
The main frontage to the site is opposite the old Sainsbury’s/Triangle site in Selly Oak, Birmingham.
The site is in close proximity to the University of Birmingham, Selly Oak train station, Queen Elizabeth Hospital, and directly opposite, the old Sainsbury’s site which is earmarked for a large scale mixed use, residential, commercial and student development.
The site is in close proximity to a number of existing PBSA developments including 800 Bristol Road, and Selly Oak Court..
Development Potential
There a several opportunities to develop the site including adding additional floors. No planning applications have been submitted at this time.
Please contact Purple Frog Asset Management to arrange a viewing.
Further information is available on request
All information is provided for guidance purposes only
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