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67-71 Mere Green Rd 1,599 sq ft 100% Let Retail Property Sutton Coldfield B75 5BY £625,000 (£390.87/sq ft)
Investment Highlights
- Freehold mixed-use investment with established retail tenants and office space.
- Investment Opportunity
- Short walking distance of Mere Green shopping area
Executive Summary
The property comprises a mixed-use investment opportunity featuring three ground-floor retail units and four first-floor office suites, totalling approximately 1,374.76 sq ft (127.72 sq m) NIA. All retail units are fully let on 5-year leases commencing in 2021, while three of the four office suites are currently vacant. The property generates an annual rental income of £33,250, with potential to increase through letting the remaining office space. Offered freehold at £625,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
1,599 sq ft
Costar Property Class
B
Year Built
1906
Price
£625,000
Price per sq ft
£390.87
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Frontage
41 ft on Mere Green Rd
Amenities
- Bus Route
- Security System
- Storage Space
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Nearby Major Retailers
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67-71 Mere Green Rd
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