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Property
Lodge Road, Hockley, Birmingham B18
£499,999
Lodge Road, Hockley, Birmingham B18
£499,999
Our Summary
- The opa are pleased to present this freehold multi-unit mixed use investment opportunity, with a rental income £2860 pcm / £34,320 p
- This substantial property comprising of two shops with residential accommodation above and to the rear, plus a sizeable storage unit accessed via the rear, which may be suitable for a variety of uses, commercial and residential STP
- • Mortgage buyers and cash buyers compete on equal terms
- Multi Unit Investment Opportunity
- Potential To Add Value & Rental Increase
- Storage Unit To Rear (May Be Suitable For A Variety of Uses STP)
Description
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Here is a summary of the property description in a single paragraph:
This freehold multi-unit mixed-use investment opportunity in Birmingham is generating a net rental income of £34,320 per annum. The property comprises two shops with residential accommodation above and to the rear, as well as a sizeable storage unit. The shops are currently trading as a desert shop/takeaway and a letting agent, while the residential units include a 1-bedroom flat to the rear and four flats above the shops, each with separate meters. The property is located in a convenient area, close to Soho Road, the Jewellery Quarter, and Birmingham City Centre. With a growing demand for property and a 28% increase in Birmingham rents since 2009, this investment opportunity is expected to be popular among investors.