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17-37 Cape Hl 2,984 sq ft Retail Unit Offered at £175,000 in Smethwick B66 4RX
Investment Highlights
- Freehold three-storey corner building in a prominent town centre position
- Vacant upper floors offer refurbishment and redevelopment potential, subject to planning consent
- Two ground floor retail units provide a current income of £19,800 per annum
Executive Summary
Freehold mixed-use property comprising two occupied ground floor retail units and vacant first and second floor accommodation. The building is of traditional brick construction beneath pitched roofs and occupies a corner position fronting Cape Hill at the junction with Windmill Lane, Shireland Road and Waterloo Road. Ground floor occupiers include an Acupuncture and Herbal Medicine Clinic and a Hair & Beauty Salon. The upper floors comprise six rooms and are vacant. EPC ratings are E for 33 Cape Hill, F for 33A Cape Hill and E for 35 Cape Hill.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Sale Conditions | Auction Sale |
| Tenure | Freehold |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
Description
The upper floors at 33A Cape Hill are vacant and extend to approximately 1,880 sq ft across the first and second floors. The accommodation comprises six rooms requiring refurbishment and is considered suitable for a range of alternative uses, including potential residential conversion, subject to obtaining the necessary planning consents. This provides asset management and value-add potential for investors seeking to enhance income and unlock future development opportunities.
Sale Notes
33-35 & 33A Cape Hill presents an opportunity to acquire a prominent freehold mixed-use property in the heart of Smethwick's established retail core. The three-storey corner building currently generates an income of £19,800 per annum from two ground floor retail tenants comprising an Acupuncture and Herbal Medicine Clinic and a Hair & Beauty Salon.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 33-35 & 33 | 2,984 sq ft | Retail | £175,000 (£58.65/sq ft) | - |
Unit 33-35 & 33
| Unit Size |
| 2,984 sq ft |
| Unit Use |
| Retail |
| Price |
| £175,000 (£58.65/sq ft) |
| NOI |
| - |
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Unit 33-35 & 33
| Unit Size | 2,984 sq ft |
| Unit Use | Retail |
| Price | £175,000 (£58.65/sq ft) |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Auction Sale |
| Description | |
| The upper floors at 33A Cape Hill are vacant and extend to approximately 1,880 sq ft across the first and second floors. The accommodation comprises six rooms requiring refurbishment and is considered suitable for a range of alternative uses, including potential residential conversion, subject to obtaining the necessary planning consents. This provides asset management and value-add potential for investors seeking to enhance income and unlock future development opportunities.</li></ul> | |
| Sale Notes | |
| 33-35 & 33A Cape Hill presents an opportunity to acquire a prominent freehold mixed-use property in the heart of Smethwick's established retail core. The three-storey corner building currently generates an income of £19,800 per annum from two ground floor retail tenants comprising an Acupuncture and Herbal Medicine Clinic and a Hair & Beauty Salon.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 7,444 sq ft | Floors | 2 |
| Property Type | Retail (Unit) | Typical Floor Size | 1,815 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1930 |
| Costar Property Class | B |
| Total Property Size | 7,444 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 1,815 sq ft |
| Year Built | 1930 |
Amenities
- Security System
- Roller Shutters
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Nearby Major Retailers
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17-37 Cape Hl
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