Mixed-use properties in Birmingham which produce nearly £30,000 of rent a year are being auctioned from £345,000 with Bond Wolfe.
The properties are 263, 265, 273A and Flat 285 on Beeches Road in Perry Beeches, Great Barr, in the north of Birmingham.
The current tenants include a beauty business in a 630 sq ft unit, a barber shop in a 442 sq ft unit, and a hot food takeaway in a 550 sq ft unit, with the three-bedroomed apartment above measuring 550 sq ft.
James Mattin, managing director at Birmingham-based Bond Wolfe, said: “This fully let mini-parade has established, long-term tenants within an established parade of similar properties, and would make an ideal opportunity for private investment.
“The tenants at numbers 263 and 265 Beeches Road have both been in occupation for more than ten years, while the tenant at 273a has just signed a new seven-year lease.”
Additional income comes from ground rents to two further upper floor apartments, with the total passing rent being £29,640 per annum.
The property is in a residential area around four miles north of Birmingham city centre.
Offers based on £345,000 are sought for the long leasehold interest which runs until May 2131, with a passing ground rent of £300 per annum.
Mattin added: “There is the potential to increase the lease term subject to discussions with the existing landlord post completion.”
