158-166 Alcester Road, Moseley, Birmingham B13 8HS
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Suburban mixed use commercial investment located in the affluent south Birmingham suburb of Moseley, 3 miles from the city centre.
Located in the central part of Moseley Village on the Alcester Road (A435).
The property comprises the commercial element of a larger mixed use scheme.
Four ground floor retail units and small office suites on 1st & 2nd floors, extending in total to 9,431 sq ft. There are 15 upper floor apartments which have been sold off.
21 space car park, predominantly allocated to the residential apartments.
3 of the 4 retail units are let to national retailers: Greggs, Coffee #1 & William Hill.
We are instructed to seek offers in excess of £1,885,000 (One Million Eight Hundred & Eighty Five Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 8.0%, assuming costs of purchase of 6.26%.
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