1696 Bristol Road South, Rednal, Birmingham, B45 9TZ
- For Sale
- Mixed Use
- 1,570 Sq Ft
- 100,000
Mixed-Use Investment with Vacant Retail/Office, Let 2-Bed Flat and Prominent A38 Location with Asset Management and Income Potential.
Key Features
- Mixed Use Investment Property
- Ground Floor Retail/Office
- Self-Contained Two Bedroom Flat at First Floor
- Leasehold for a Term of 99 years Expiring 21st December 2054
- Busy Local Parade with Main Road Frontage
- Roller Shutter Security Doors
Property Description
The property comprises a two-storey terraced mixed-use building, arranged to provide ground floor retail/office accommodation with residential accommodation above.
The ground floor benefits from a glazed frontage and pedestrian entrance door with inset roller shutter security doors, which lead into open-plan professional services accommodation, with separate meeting room, kitchen and WC facilities also provided.
The first floor flat is accessed from the rear of the property and comprises two bedrooms, bathroom, kitchen and lounge. The accommodation benefits from double-glazed windows to the front and rear elevations, with gas-fired central heating provided throughout.
The ground floor benefits from a glazed frontage and pedestrian entrance door with inset roller shutter security doors, which lead into open-plan professional services accommodation, with separate meeting room, kitchen and WC facilities also provided.
The first floor flat is accessed from the rear of the property and comprises two bedrooms, bathroom, kitchen and lounge. The accommodation benefits from double-glazed windows to the front and rear elevations, with gas-fired central heating provided throughout.
Tenancy Information
Ground Floor Retail/Office: VACANT. Formerly rented for £8,500 per annum.
Residential Accommodation: Two bedroom flat extending to approximately 69 ft2 (743 ft2), currently producing £700 PCM. The residential tenant has been in occupation since 2005.
Residential Accommodation: Two bedroom flat extending to approximately 69 ft2 (743 ft2), currently producing £700 PCM. The residential tenant has been in occupation since 2005.
Tenure
Leasehold with a ground rent of £50 per annum. The lease expires in 2054. The leasehold interest is available to purchase at a premium of £100,000 (exclusive).
The freehold interest may be available to purchase at an additional £125,000 plus associated costs. Please note there is no option to extend the existing lease term.
The freehold interest may be available to purchase at an additional £125,000 plus associated costs. Please note there is no option to extend the existing lease term.
Services
We understand that the premises benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that interested parties carry out their own investigations.
The agent has not tested the suitability of the connections and recommends that interested parties carry out their own investigations.
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Legal Costs
Each party are to be responsible for their own legal and surveyor’s fees incurred during this transaction.
Viewings
Strictly via prior appointment with the sole agent Siddall Jones.
Accommodation
| Name/Floor | Sq Ft | Sq M | Availability |
|---|---|---|---|
| Ground Retail | 828 | 76.92 | Available |
| 1st Two Bedroom Apartment | 742 | 68.93 | Available |
| Total | 1,570 | 145.86 |
Location
The property is situated fronting Bristol Road South in Rednal, a well-established suburb to the south-west of Birmingham. Bristol Road South forms part of the A38, providing a direct route north towards Longbridge, Northfield, Selly Oak and Birmingham City Centre, and south towards Rubery, Lickey, Bromsgrove and the wider Worcestershire area.
The immediate location comprises a mix of local retail, takeaway, café and neighbourhood commercial uses, serving the surrounding residential population. The property is positioned within close proximity to Longbridge Town Centre, which provides a wider range of retail, leisure and transport amenities, including Longbridge Railway Station, approximately 1 km away.
The location benefits from good road connectivity, with the A38 providing convenient access to the wider arterial road network, including links towards the M5 and M42 motorways. Birmingham City Centre lies approximately 7 miles to the north-east, with Bromsgrove approximately 5 miles to the south-west.
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