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£1,200,000Mixed use for sale
Stuart Court, Gravelly Lane, Erdington, Birmingham, B23 6LR
Mixed use
8,120 sq ft / 754 sq m
Features and description
- Tenure: Freehold
- Guide Price £1.2 M
- Gross Rental £131,799.72 Per Annum
- Five Ground Floor Lock-Up Shops
- Serviced Offices to First Floor
- Conversion Potential STP
- Forecourt and Rear Car Parking
Description
The property comprises of an attractive two-storey building of traditional masonry construction surmounted by flat and pitched tiled roofs.
The building provides ground floor retail accommodation with associated forecourt parking with first floor serviced office space accessed via the rear from Station Road.
The retail offering is let to one occupier, who occupies five individual units at ground floor level and including some additional first floor office / retail / ancillary space. The passing rental currently payable is £86,799.72 per annum.
The first floor accommodation has been split to provide eight office spaces, which are individually let on an all-inclusive basis generating an additional gross rental income of £45,000 per annum and totalling £131,779.72 for the whole building.
Location
The property is prominently situated at the corner of Station Road and Gravelly Lane in the Erdington area of Birmingham.
Erdington is a densely populated suburb located approximately five miles north of Birmingham city centre.
Gravelly Lane connects to Summer Road and Gravelly Hill North, providing convenient access to Junction 6 (Spaghetti Junction) of the M6 motorway, located roughly two miles south of the property. This motorway links to the wider national motorway network.
The area is well-served by public transport, with Erdington and Gravelly Hill train stations nearby, as well as local bus routes offering easy access to Birmingham city centre and beyond.
What3words
perky.deal.kings
Services
We understand that the property benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations as to their suitability.
EPC
A - 20
B - 34
B - 37
C - 62
The property comprises of an attractive two-storey building of traditional masonry construction surmounted by flat and pitched tiled roofs.
The building provides ground floor retail accommodation with associated forecourt parking with first floor serviced office space accessed via the rear from Station Road.
The retail offering is let to one occupier, who occupies five individual units at ground floor level and including some additional first floor office / retail / ancillary space. The passing rental currently payable is £86,799.72 per annum.
The first floor accommodation has been split to provide eight office spaces, which are individually let on an all-inclusive basis generating an additional gross rental income of £45,000 per annum and totalling £131,779.72 for the whole building.
Location
The property is prominently situated at the corner of Station Road and Gravelly Lane in the Erdington area of Birmingham.
Erdington is a densely populated suburb located approximately five miles north of Birmingham city centre.
Gravelly Lane connects to Summer Road and Gravelly Hill North, providing convenient access to Junction 6 (Spaghetti Junction) of the M6 motorway, located roughly two miles south of the property. This motorway links to the wider national motorway network.
The area is well-served by public transport, with Erdington and Gravelly Hill train stations nearby, as well as local bus routes offering easy access to Birmingham city centre and beyond.
What3words
perky.deal.kings
Services
We understand that the property benefits from all mains services.
The agent has not tested the suitability of the connections and recommends that all interested parties carry out their own investigations as to their suitability.
EPC
A - 20
B - 34
B - 37
C - 62
Property information from this agent
About this agent
Siddall Jones - Birmingham
The Mint, 95 Icknield Street
Birmingham, West Midlands
B18 6RU
0121 721 2616SiddallJones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region. We are multi
disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets
to provide a range of services to our local and national clients. Since our inception we have secured over one million sq ft of commercial agency instructions.
Our clients vary from sole traders to multi nationals, but we trade on the basic value of treating all clients equally and offering the highest stand... Show more
disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets
to provide a range of services to our local and national clients. Since our inception we have secured over one million sq ft of commercial agency instructions.
Our clients vary from sole traders to multi nationals, but we trade on the basic value of treating all clients equally and offering the highest stand... Show more
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