Hagley Road, Birmingham
Key Property Details:
Price: POA
- Freehold Mixed-Use Property: Available for sale or rent, price on application (POA).
- Size: Approximately 5,500 sq ft.
- Seventeen One-Bedroom En-Suite Units: Each featuring private bathrooms.
- Communal Facilities: Multiple lounges and kitchens.
- Vacant Possession: Offered with six months' rent-free period.
- Potential Rental Income: Estimated at £120,000 per annum post-refurbishment.
- Full Refurbishment Required: Opportunity to tailor the property to specific requirements.
- Prime Location: Situated on Hagley Road, Birmingham, with excellent transport links and local amenities.
Property Summary
This substantial freehold property on Hagley Road, Birmingham, offers a versatile investment opportunity. Comprising approximately 5,500 sq ft, the building features seventeen one-bedroom en-suite units, each with private bathrooms. Residents benefit from communal lounges and kitchens, fostering a community atmosphere. The property is currently vacant and requires full refurbishment, presenting a blank canvas for investors or developers to customise the space to their specifications. An attractive six-month rent-free period is offered, with a potential rental income estimated at £120,000 per annum upon completion of renovations.
Location
Hagley Road is a prominent arterial route in Birmingham, renowned for its vibrant mix of residential and commercial establishments. The area boasts excellent transport connectivity, with multiple bus routes providing direct access to Birmingham city centre and surrounding districts. The recent extension of the West Midlands Metro has introduced a tram stop on Hagley Road, enhancing connectivity to key locations such as New Street Station, Snow Hill Station, and Wolverhampton. Further extensions are planned, aiming to connect the network to Birmingham Airport and beyond.
The vicinity offers a wealth of amenities, including a diverse array of restaurants, cafes, shops, and entertainment venues. The nearby Edgbaston area is home to cultural and educational institutions, contributing to the locale's dynamic atmosphere. The University of Birmingham, located just off Hagley Road, adds to the academic and cultural vibrancy of the area, providing a range of cultural events and academic resources.
This property presents a unique opportunity for investors seeking a project with significant potential in a prime Birmingham location. It's proximity to key transport links and local amenities enhances its appeal for both residential and commercial purposes.
Viewing is highly recommended to fully appreciate the potential this property offers.
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