Facet House, Facet Road
Birmingham
Facet House, Facet Road, Kings Norton, Birmingham, B38 9PT
£650,000
13170 sq. ft.
The property comprises a collection of industrial units (5 in total), which are let on basically FRI terms, with tenants being responsible for rent, business rates, mains supplies consumed and insurance (reinstatement).
The landlord is responsible for the upkeep and maintenance of all roof structures.
Steel framed/brick construction. Corrugated roof claddings.
Predominantly ground floor. Relatively small, 2 storey structure to the front.
A schedule of the tenants, currents rents and our opinion of current open market rental values are attached.
Key features
MULTI OCCUPIED INDUSTRIAL INVESTMENT OPPORTUNITY
13,170 sq.ft/1,224 sq.m
• Total site area circa, 0.45 of an acre/ 0.18 of a hectare
• Potential yield in excess of9%
• 5, self contained units
• 4 miles north of junction 2 of the M42 motorway
• 5 miles south of Birmingham City Centre
Brochure
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• Return frontage
• 3 bedded, self contained apartment, accessed to the rear
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SUBSTANTIAL RETAIL/RESIDENTIAL INVESTMENT OPPORTUNITY
4,156 sq.m/386.13 sq.m
• Comprising 3, 2 bedded self contained first floor apartments, a ground floor restaurant facility and a hairdressing salon
• Fully occupied – total current income - £43,200 per annum.
• Prominent corner position.
• Within relative close proximity to Junction 6 of the M42 Motorway, NEC, Birmingham International Airport & Railway
• Surrounding areas include Hatchford Brook Golf Course, Eagle Court Business/Office Park, Elmdon Park and a major Jaguar Land Rover Car Production Facility