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21a Alcester Rd 2,042 SF Retail Condo Unit Offered at $554,047 CAD in Studley B80 7AG
Investment Highlights
- Former showroom with flat above
- Part let Freehold Investment
- Potential to convert part of the uppers to an alternative use STP
Executive Summary
The property comprises a two floor building providing retail accommodation at ground level. The property is of reinforced concrete construction with a flat roof design. The property is situated fronting Alcester Road with a return to Bell Lane immediately opposite the Co-op convenience store to the centre of the Warwickshire village of Studley within the main shopping parade and surrounded by residential housing estates. Studley is a large village and civil parish in the Stratfordon-Avon district of Warwickshire, situated on the western edge of Warwickshire near the border with Worcestershire, approximately 3.5 miles southeast of Redditch and 13 miles northwest of Stratford-upon-Avon. The A435, passes through the village on its eastern edge and provides direct, easy access to Birmingham to the north and Alcester to the south and connections to the M42 motorway at Junction 3. Redditch railway station is situated approximately 3.2 miles to the northwest of the Property. From Redditch there are direct services to Barnt Green (11 mins), Kings Norton (26 mins) and Birmingham New Street (45 mins). Birmingham Airport is situated approximately 14 miles to the northeast of the Property. The United Kingdom Census 2021 reported Studley’s population as being 6,040.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Tenure | Freehold |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
The commercial element is arranged over ground and part first floor (front) as a former kitchen showroom providing a generous sized retail area with great potential and a partitioned WC facility along with separate rear access.
The first floor (front) which is accessed internally through the retail unit is in a shell condition part way through conversion.
The remainder of the first floor (rear) and accessed off Bell Lane is a self-contained one bedroom residential flat with separate covered stair access. The flat provides bedroom, living room with access to a balcony overlooking Bell Lane, bathroom and kitchen. Externally, to the rear and accessed off Bell Lane is a garage with a roller shutter loading door used for storage to the retail unit.
The first floor flat is occupied by way of an Assured Shorthold Tenancy Agreement at a rent of £495.00 per calendar month (£5,940 per annum). We do not hold a copy of the tenancy agreement but understand the tenant has been in occupation for several years.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 21A | 2,042 SF | Retail | $554,047 CAD ($271.33 CAD/SF) | - |
Unit 21A
| Unit Size |
| 2,042 SF |
| Condo Use |
| Retail |
| Price |
| $554,047 CAD ($271.33 CAD/SF) |
| NOI |
| - |
Unit 21A
| Unit Size | 2,042 SF |
| Condo Use | Retail |
| Price | $554,047 CAD ($271.33 CAD/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| Description | |
| The property comprises a one and two storey brick built mid-terrace arranged as a mixed commercial and residential building beneath a flat roof. <br> <br> The commercial element is arranged over ground and part first floor (front) as a former kitchen showroom providing a generous sized retail area with great potential and a partitioned WC facility along with separate rear access. <br> <br> The first floor (front) which is accessed internally through the retail unit is in a shell condition part way through conversion. <br> <br> The remainder of the first floor (rear) and accessed off Bell Lane is a self-contained one bedroom residential flat with separate covered stair access. The flat provides bedroom, living room with access to a balcony overlooking Bell Lane, bathroom and kitchen. Externally, to the rear and accessed off Bell Lane is a garage with a roller shutter loading door used for storage to the retail unit.</li></ul> | |
| Sale Notes | |
| Vacant ground and first floor former showroom.<br> <br> The first floor flat is occupied by way of an Assured Shorthold Tenancy Agreement at a rent of £495.00 per calendar month (£5,940 per annum). We do not hold a copy of the tenancy agreement but understand the tenant has been in occupation for several years.</li></ul> |
Property Facts
| Total Building Size | 8,860 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 4,760 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1960 |
| Building Class | B | Lot Size | 0.11 AC |
| Total Building Size | 8,860 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 4,760 SF |
| Year Built | 1960 |
| Lot Size | 0.11 AC |
Nearby Major Retailers
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21a Alcester Rd
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