£900,000
Office for sale
Property photos
Freehold
£900,000
(£127.61/sq. ft)
Office for sale
Regis House, 223 Halesowen Rd, Old Hill, Cradley Heath B647,053 sq. ft
Local area information
Property location
Nearby amenities
- Old Hill Primary School 0.1 miles
- Reddal Hill Primary School 0.1 miles
- Old Hill 0.5 miles
- Cradley Heath 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Rowley Regis and Cradley Heath to find out more about the local area.
Features and description
- Freehold
- Producing £82,500 per annum
- Reflecting a 9.17% gross yield at £900,000
- Mixed-use investment (commercial + residential)
- Comprising 9 self-contained flats (ASTs)
- Freehold with on-site parking provision
Description
Regis House comprises a substantial mixed-use investment property prominently positioned fronting Halesowen Road in Old Hill, Cradley Heath.
The property consists of a ground floor commercial unit together with 9 self-contained residential flats, all currently let on Assured Shorthold Tenancies, producing a combined rental income of £82,500 per annum.
The building is of traditional brick construction with later extensions to the rear, providing a total net internal floor area of approximately 7,053 sq ft, together with the benefit of undercroft and rear parking.
The asset provides a well-balanced income stream across both residential and commercial elements, with scope for future rental growth and active asset management.
Location
The property occupies a prominent roadside position on Halesowen Road within Old Hill, serving a densely populated residential catchment.
Old Hill is situated approximately 2 miles from Halesowen and 7 miles west of Birmingham City Centre, with the surrounding area comprising a mix of retail, commercial and residential uses.
The location benefits from strong local demand for rental accommodation and good connectivity to the wider Black Country and West Midlands region.
Terms
The property is held freehold and fully let producing a total income of £82,500 per annum.
The income is derived from 9 self-contained residential flats, all let on Assured Shorthold Tenancies, generating approximately £70,500 per annum, together with a ground floor commercial unit producing £12,000 per annum.
The asset provides a predominantly residential income stream, with additional commercial income offering diversification.
Further tenancy and lease information is available upon request.
Investment Summary
• Total income: £82,500 per annum
• Price: £900,000
• Gross yield: 9.17%
• Mixed-use investment (commercial + residential)
• 9 flats on ASTs
• Freehold interest
Asset Management Opportunities
• Potential to increase residential rents in line with market levels
• Opportunity to refurbish and re-let units at enhanced rents
• Scope to improve overall specification of the building
• Potential to review and enhance commercial income
• Long-term repositioning or alternative use potential (subject to planning
Regis House comprises a substantial mixed-use investment property prominently positioned fronting Halesowen Road in Old Hill, Cradley Heath.
The property consists of a ground floor commercial unit together with 9 self-contained residential flats, all currently let on Assured Shorthold Tenancies, producing a combined rental income of £82,500 per annum.
The building is of traditional brick construction with later extensions to the rear, providing a total net internal floor area of approximately 7,053 sq ft, together with the benefit of undercroft and rear parking.
The asset provides a well-balanced income stream across both residential and commercial elements, with scope for future rental growth and active asset management.
Location
The property occupies a prominent roadside position on Halesowen Road within Old Hill, serving a densely populated residential catchment.
Old Hill is situated approximately 2 miles from Halesowen and 7 miles west of Birmingham City Centre, with the surrounding area comprising a mix of retail, commercial and residential uses.
The location benefits from strong local demand for rental accommodation and good connectivity to the wider Black Country and West Midlands region.
Terms
The property is held freehold and fully let producing a total income of £82,500 per annum.
The income is derived from 9 self-contained residential flats, all let on Assured Shorthold Tenancies, generating approximately £70,500 per annum, together with a ground floor commercial unit producing £12,000 per annum.
The asset provides a predominantly residential income stream, with additional commercial income offering diversification.
Further tenancy and lease information is available upon request.
Investment Summary
• Total income: £82,500 per annum
• Price: £900,000
• Gross yield: 9.17%
• Mixed-use investment (commercial + residential)
• 9 flats on ASTs
• Freehold interest
Asset Management Opportunities
• Potential to increase residential rents in line with market levels
• Opportunity to refurbish and re-let units at enhanced rents
• Scope to improve overall specification of the building
• Potential to review and enhance commercial income
• Long-term repositioning or alternative use potential (subject to planning
More information
Listed by
Shepherd Commercial
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