Stoney Lane, 47/49/51, Birmingham, B25 8RE
Birmingham
47/49/51 Stoney Lane Birmingham B25 8RE
£1,100,000
6877 sq. ft.
The subject premises, situated on a total site area extending to circa,0.38 of an acre/0.15 of a hectare, comprises a detached, 2 storey structure.
Effectively, 3 ground floor retails outlets (2 currently combined) and 4, spacious, 1 bedded apartments.
We are of the opinion that the land to the rear, subject to planning, will facilitate residential development (flats/apartments).
Key features
•3, Ground floor retail outlets & 4, 1 bedded self-contained apartments (first floor).
•Site area –circa, 0.38 of an acre/0.15 of a hectare – potential for residential development to the rear.
•Main road frontage – considerable traffic flow.
•Surrounding areas are densely populated.
•Within close proximity to the Swan Shopping Centre & The Yew Tree Retail Park
•Total current income, circa £73,000 per annum exclusive – potential for rental growth
•Current Yield circa,6.5%
Brochure
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•Extremely prominent corner position, situated at the intersection of College Road (A453 – main arterial route – considerable traffic flow) and Kingstanding Road (B4138 - main arterial route – considerable traffic flow).
•Long established tenant occupation (trading as Nisa).
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•Circa, 10 off street car parking spaces (forecourt).
•Well maintained.
•Yield – 8%