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Price: £395,000 Price Guide

Address: Belchers Lane, Alum Rock B8 3EU

Property Type: Investment Property

Description:

Midland Housing Ltd are proud to present this in house plaza style commercial plot for sale. The property is located just off the main Alum Rock Road of Birmingham. There are six retail shops in total, four which are currently being let out. The property also has two x 2 bedroom flats available on the first floor. There are two shops remaining that have potential to open as a clothing or jewellery boutique or trading office ie: money exchange, travel agent, in this very busy island. The shops are all glass fronted with window space for displays. There are parking spaces outside the shops and a rear access for stock in. The shops are located on a busy parade on the main Alum Rock Road, Pehlam. The in shops are approx 150 SQ FT and have communal w/c, and a small kitchen to the rear. There are a few famous restaurants and many well known stores nearby so brings in trade from around the nation. To arrange a viewing contact a member of staff on 0121 773 5500!!
 
Commercial Information
6 x In Front Shops Available 
2 x 2 Bedroom First Floor Flats Available
Sizes approx 150 sq ft each
Located on busy parade 
Parking Facility Available
Great Investment Opportunity
 
Key Features
Ground floor in shops
Parking available on the street directly outside
Also has a Kitchen and W.C 
Great Potential
Glass Fronted
 
Location
The property is situated on the Alum Rock Road, Pehlam in a mixed business and residential location approached from the main Alum Rock Road, Washwood Heath Road and the A4040, which is easily accessible from M6, M5 and M42 on the motorway. It is located east to the Birmingham City Centre in an established location. It is placed ideally for all communications in the local area. There are a lot of local businesses and residential homes within walking distance proving to be an excellent location for passing by trade as well as a great potential to be the local in shops. It is located just off the Alum Rock Road and leans off the main Washwood Heath Road also.
 
Rents and Rates
In shops are currently achieving 400- 450 per month
The 2 x 2 bedroom flats each are currently being let out for 500pcm
 
Planning
The property is considered suitable for A1 and A2. All interested parties are to make their own specific enquiries directly with the Local Planning Authority as to their intended use.
There is a great deal of potential in the property and can be used for many trades. The previous business was a lighting shop which had excellent displays in the fantastic window space. There is a massive scope for increased profits by opening as a boutique, office or jewellery store these options match the current business. You can also use the premises as a convenience store, off licence, take away or bakery.
 
Tenure
Freehold property for sale.
 
Viewings
Available immediately upon request call now on 0121 773 5500

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