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1176-1178 Coventry Rd 3,148 SF Retail Building Birmingham B25 8DA $674,818 ($214.36/SF) 6.70% Cap Rate
Investment Highlights
- Prime Location
- Excellent Transport Links
- Heavy Footfall
Executive Summary
Located on the busy Coventry Road (A45) in Birmingham, this freehold mixed-use property offers a prime investment opportunity with both commercial and residential income streams. The mid-terraced, two-story building features a self-contained ground-floor commercial unit (775 sq. ft.), two-bedroom self-contained apartments, and four first-floor letting bedrooms, generating a current rental income of £33,480 per annum with a potential of up to £40,000. Benefiting from gas-fired central heating, rear garden areas, and permanent side passageway access, the property enjoys high visibility in a thriving retail and residential area near Heybarnes Retail Park and major transport links.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
3,148 SF
Building Class
C
Year Built
1961
Price
$674,818
Price Per SF
$214.36
Cap Rate
6.70%
NOI
$45,213
Tenancy
Single
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.08 AC
Frontage
22’ on Coventry Road
Amenities
- Bus Line
- Security System
- Signage
- Automatic Blinds
- Storage Space
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Nearby Major Retailers
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1176-1178 Coventry Rd
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