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28-29, Tenby Street, Hockley, Birmingham, B1 3EE
1,264 Sq Ft / Offices
Withdrawn - Last updated: 07 May 2020
Summary
Freehold Commercial and Residential Investment Opportunity on behalf of M J Cowlishaw & D J Langton, Joint Administrators.
Location
The property is located on Tenby Street, in the Jewellery Quarter area of Birmingham, circa one mile northwest of Birmingham city centre. The surrounding area comprises predominantly offices/workshops and residential uses.Tenby Street is well placed for all local amenities, access to the national motorway network via the A4540 and is located within close proximity to the Jewellery Quarter railway and Midland Metro stations.
Summary
The property comprises a three storey property situated around a central courtyard, with three ground floor retail/office units and six apartments at first and second floor levels.The ground floor accommodation comprises a retail/office unit fronting on to Tenby Street and two beauticians/clinic units, plus an annex, accessed from the central courtyard.
Income
The gross rental income currently produced is 47,400 per annum. With the two vacant flats re-let, the total income could be circa 64,500 per annum (i.e. 53,700 from the apartments alongside the 10,800 commercial rent).
Guide Price
Offers in excess of 1.2 million are invited on an unconditional basis.
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