1772 & 1772a Coventry Road, Yardley

Description

The property comprises a two-storey commercial premises arranged over ground and first floors. The ground floor provides the principal retail accommodation together with ancillary storage and staff facilities, whilst the first floor is currently arranged to provide office accommodation together with storage and WC facilities.

Accommodation

Ground Floor - 47.10 sq m (507 sq ft); First Floor - 42.82 sq m (461 sq ft); Total - 89.92 sq m (968 sq ft).

Location

The property is situated fronting Coventry Road in Yardley, an established commercial and residential area to the east of Birmingham city centre. Coventry Road is a well-established arterial route serving the surrounding residential population, with a variety of retail, commercial and leisure uses represented along the road. The property benefits from good road communications by virtue of its position on Coventry Road (A45), providing direct access towards Birmingham city centre and Birmingham Airport. Local bus services operate along Coventry Road, providing connections across Birmingham and the surrounding areas.

Tenure / Property Information

Investment Analysis

The £150,000 guide is the only supplied pricing evidence for this vacant freehold commercial property. The sold comparables are nearby freehold residential/terraced or semi-detached properties and are not sufficiently comparable to the 968 sq ft two-storey retail and office premises. No reliable commercial valuation, rental evidence or auctioneer rent estimate is supplied, so GDV, market rent, yields and a supported maximum bid cannot be established.

Investment Snapshot

Strategy Recommendation

Do not rely on the residential comparables or bid solely against the £150,000 guide. Obtain a commercial valuation, achievable rent evidence, full special conditions and buyer/seller fee and VAT details before considering the lot.

Works Required

No specific works are supported by the evidence. The property should be inspected to establish condition, services, compliance and suitability of the existing retail, storage, staff, office and WC accommodation before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR analysis cannot be supported because there is no commercial rent, GDV, refurbishment budget, valuation or confirmed buyer/admin cost information. Refinance proceeds and cash left in are therefore unavailable.

Buy-to-Let Analysis

No sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is vacant and commercial, so rental income and gross yield cannot be established from the evidence.

Flip Analysis

A flip analysis cannot be supported. The residential sold comparables are not reliable evidence for the value of this commercial property, and no commercial resale valuation or selling-cost allowance is supplied.

Investor Risks & Due Diligence

• The supplied sold comparables are residential rather than comparable commercial transactions.

• No sufficiently specific rental evidence or passing rent is available.

• The property is vacant, so there is no evidenced income stream.

• Buyer fees, VAT and possible seller or third-party charges are not quantified.

• Condition, services, EPC and compliance information are not supplied.

• The first-floor office/storage arrangement may require separate verification of suitability and permitted use before investment decisions.

Recommendation

Do not rely on the residential comparables or bid solely against the £150,000 guide. Obtain a commercial valuation, achievable rent evidence, full special conditions and buyer/seller fee and VAT details before considering the lot.

Strategy Rating

Analysis Confidence

The property description, accommodation, tenure, vacancy and guide are supplied, but commercial valuation, rent, condition, EPC, fees, VAT and relevant commercial comparables are absent.