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150-164 Lozells Road

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B19 2SX Birmingham
Ref: 10608

  • 6,102.00 ft² (566.89 m²)
  • Price on application

Description

Description

• Freehold Commercial and Residential Investment Opportunity on behalf of M J Cowlishaw & D J Langton, Joint Administrators.

Location

The property is prominently located on a busy arterial route, Lozells Road (B4144), within the densely populated residential suburb of Lozells, two miles north of Birmingham city centre. Lozells Road comprises the centre of the retail area within Lozells. Adjacent occupiers comprise predominantly locally owned businesses.

Summary

The property was constructed in 2009 and comprises a three storey block with a modern parade of 8 retail units (one of which has been combined, therefore making 7 units) at ground floor level, with 18 first and second floor apartments. 15 of the apartments are let via ASTs, one is vacant and two have been sold on long leases. A gated rear courtyard, accessed from Carpenters Road, provides 18 private parking spaces.
There is a total retail area of circa 6,102 sq ft and each retail unit benefits from a full frontage to Lozells Road. Unit 1 includes a separate rear laboratory building.

Income

The gross rental income is £195,080 per annum, with a further £13,200 potential rent from the two currently vacant flats. Total potential rent £208,280 per annum. An outline tenancy schedule is provided below.

Guide Price

Offers over £3,000,000 are invited on an unconditional basis.

Energy Rating

Energy Rating

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Contact

Contact
Harry Ward
Rose Treasure
Vicky Beach
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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