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2585-2589 Coventry Rd 3,334 sq ft 100% Let Retail Property Birmingham B26 3PX £525,000 (£157.47/sq ft) 8.25% Net Initial Yield
Investment Highlights
- Prominent corner position, fronting Goodway Road/Coventry Road
- Birmingham City Centre is situated approximately 5.75 miles north west
- Ease of access to Junction 6 of the M42 Motorway
Executive Summary
The subject premises provides a substantial, ground floor restaurant facility, a hairdressing salon and 3, separate, self contained, 2 bedded first floor apartments.
Each apartment has the benefit of an independent, gas fired central heating system.
Enclosed courtyard to the rear.
All areas have been well maintained and are in good condition.
Each apartment has the benefit of an independent, gas fired central heating system.
Enclosed courtyard to the rear.
All areas have been well maintained and are in good condition.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Property Size
3,334 sq ft
Year Built
1960
Price
£525,000
Price per sq ft
£157.47
Yield
8.25%
NOI
£43,313
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.63
Total Plot Size
0.12 ac
Parking
6 Spaces (3.59 Spaces per 1,000 sq ft Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Mezzanine
- Storage Space
- Smoke Detector
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
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Presented by
2585-2589 Coventry Rd
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