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2585-2589 Coventry Rd 3,334 SF 100% Leased Retail Building Birmingham B26 3PX $968,828 CAD ($290.59 CAD/SF) 8.25% Cap Rate
Investment Highlights
- Prominent corner position, fronting Goodway Road/Coventry Road
- Birmingham City Centre is situated approximately 5.75 miles north west
- Ease of access to Junction 6 of the M42 Motorway
Executive Summary
The subject premises provides a substantial, ground floor restaurant facility, a hairdressing salon and 3, separate, self contained, 2 bedded first floor apartments.
Each apartment has the benefit of an independent, gas fired central heating system.
Enclosed courtyard to the rear.
All areas have been well maintained and are in good condition.
Each apartment has the benefit of an independent, gas fired central heating system.
Enclosed courtyard to the rear.
All areas have been well maintained and are in good condition.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Restaurant
Building Size
3,334 SF
Year Built
1960
Price
$968,828 CAD
Price Per SF
$290.59 CAD
Cap Rate
8.25%
NOI
$79,928 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.63
Lot Size
0.12 AC
Parking
6 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Courtyard
- Mezzanine
- Storage Space
- Smoke Detector
1 1
Nearby Major Retailers
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2585-2589 Coventry Rd
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