165 Station Road, Stechford, Birmingham

Description

The property comprises a two-storey retail premises arranged over ground and first floors. The ground floor provides the principal retail accommodation together with ancillary office and kitchen facilities, with further office, storage and staff accommodation at first floor level. The property extends to approximately 85.6 sq m (921 sq ft) in total.

Accommodation

Ground Floor - 46.8 sq m (504 sq ft); First Floor - 38.8 sq m (418 sq ft); Total - 85.6 sq m (921 sq ft)

Location

Situated on Station Road in Stechford, an established commercial and residential suburb to the east of Birmingham city centre. Station Road provides a range of local retail and commercial uses serving the surrounding residential population. Stechford railway station serves the local area and provides rail connections towards Birmingham city centre and the wider rail network. Road communications are provided by the surrounding Birmingham road network, with access to other parts of the city and the wider West Midlands.

Tenure / Property Information

Investment Analysis

The £100,000 guide cannot be independently supported from the supplied evidence. The Land Registry comparables are historic, with the closest Station Road examples dated 2016 and identified only as “Other”; they do not provide a sufficiently reliable current valuation for this 921 sq ft let retail property. The lease rent, passing income and buyer fee are not supplied, so yield and investment value cannot be calculated. Auctioneer and third-party charges, including possible VAT, also remain unquantified.

Investment Snapshot

Strategy Recommendation

Treat as a commercial income investment only pending verification of the passing rent, full lease, tenant covenant, legal pack, fees and VAT position. Do not bid on the guide alone without current valuation evidence.

Works Required

No refurbishment works are evidenced. The property is described as an operational two-storey retail premises with ancillary office, kitchen, storage and staff accommodation. Any works requirement should be established by inspection and review of the legal and property information.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported current rent, GDV, works budget or finance-cost evidence. The existing lease may provide occupancy, but the lease terms, rent, review mechanics and tenant covenant should be verified before relying on refinance value or cash flow.

Buy-to-Let Analysis

This is a commercial retail investment rather than a residential BTL. The property is let to Murray Rogers Limited on a five-year lease from October 2024 to 2029, with a review at the third anniversary, but the rent is not provided. Consequently, income, yield and affordability cannot be established.

Flip Analysis

A flip analysis cannot be supported. No current GDV, refurbishment requirement or selling-cost allowance is available, and the supplied sales evidence is historic and not sufficiently comparable. Resale surplus is therefore unquantifiable.

Investor Risks & Due Diligence

• Passing rent is not supplied, preventing yield and cash-flow assessment.

• The lease is due to expire in 2029 and includes a rent review on the third anniversary; renewal, review outcome and tenant covenant are not evidenced.

• Buyer premium amount is unspecified.

• Additional seller or third-party charges may apply, and VAT treatment is not stated.

• The EPC is rated D.

• The available sold comparables are historic and not sufficiently specific to establish current market value.

Recommendation

Treat as a commercial income investment only pending verification of the passing rent, full lease, tenant covenant, legal pack, fees and VAT position. Do not bid on the guide alone without current valuation evidence.

Strategy Rating

Analysis Confidence

Property size, tenure, occupancy and lease dates are supplied, but rent, buyer fee, other charges, current valuation evidence, condition and comparable income data are unavailable.