244 Court Oak Road, Harborne, Birmingham, West Midlands, B32 2EG

Description

A two-storey commercial property fronting Court Oak Road forming part of a parade benefiting from a high volume of pedestrian and the vehicular passing trade. The property is mid-terraced and of two-story traditional brick construction, surmounted by a pitched, tile-clad roof, rear garden with additional access via a pedestrian walkway from both Court Oak Road and Queens Park Road. The property benefits from UPVC double glazed windows. The first floor may have the potential to convert to residential accommodation having access from both the main building and an external staircase to the rear, subject to obtaining the correct planning. The property is located in a parade of similar units located opposite the Court Oak Public House in Harborne.

Accommodation

Ground Floor: - Retail Area (8.88m x 4.06m), Kitchen (2.58m x 2.17m), Door To Rear, Stairs First Floor: - Office 1 (4.63m x 4.13m), Office 2 (3.44m x 1.80m), Office 3 (3.44m x 2.19m), Shower Room having Shower Cubicle, Wash Basin and WC (2.82m x 2.15m).

Location

244 Court Oak Road, Harborne, Birmingham, West Midlands, B32 2EG. The Cottons particulars describe the property as being within an established local residential/commercial area with access to nearby shops, amenities and transport links.

Key Investment Considerations

• Guide Price: £230,000+

• Tenure: Freehold

• Condition: Condition to verify

• Preferred strategy: Commercial Re-Let / Upper-Floor Conversion

Investment Analysis

Investment Snapshot

Strategy Recommendation

Preferred strategy: Commercial Re-Let / Upper-Floor Conversion. This is based on the Cottons property description, current condition, tenure and the guide price. It should be tested against the legal pack, inspection, finance and local market evidence before bidding.

Works Required

• Retail and office fit-out review

• Electrical/fire-safety checks

• Roof/rear access inspection

• Assess first-floor residential conversion subject to planning

HB initial works allowance: £20,000–£40,000. This is an investment-feasibility allowance, not a contractor quotation.

Rental & Market Context

No current rent is stated in the Cottons particulars. For initial appraisal only, HB estimates market rent at approximately £1,833–£2,500 per month (£22,000–£30,000 per annum). This is an indicative market assumption, not an auctioneer-stated figure, and should be checked against current local lettings before bidding.

GDV / Resale Analysis

HB's indicative post-works / stabilised value range is £300,000–£350,000. This is an appraisal estimate only, not a RICS valuation. Confirm the figure using recent genuinely comparable sold evidence, adjusting for property type, condition, tenure, floor area, plot and any planning potential.

Properties Sold Within Approx. 5 Miles

Specific sold transactions are not contained in the supplied Cottons scrape, so no unverified addresses or sold prices have been inserted. Before bidding, verify recent Land Registry sales for closely comparable properties in the same postcode and surrounding area.

Potential BRRR Position

For this commercial/mixed-use property, focus on sustainable rent, lease quality, vacancy and investment yield rather than a standard residential BRRR refinance. HB's indicative stabilised annual income range is £22,000–£30,000.

Flip Analysis

A resale or conversion strategy requires specialist commercial/residential comparable evidence, planning confirmation and a detailed cost plan. HB's broad indicative value range is £300,000–£350,000, but this is not a formal valuation.

Investor Risks & Due Diligence

• Review the full Cottons legal pack, title and special conditions before bidding

• Confirm buyer's premium / administration charges and completion timetable

• Obtain an appropriate structural or condition survey

• Verify refurbishment quotations and contingency before setting a maximum bid

• Verify current local rental evidence and recent sold comparables

• Confirm lender requirements, valuation assumptions and exit finance

• Verify planning permissions, conditions, building regulations, access and services

Recommendation

Initial recommendation: Commercial Re-Let / Upper-Floor Conversion. The guide price may offer scope for value creation, but the investment case should only proceed if the legal pack, condition, rental evidence, finance and exit value all support the proposed maximum bid.

Strategy Rating

Income Investment: ★★★★☆ | Value Add: ★★★★☆ | Flip/Resale: ★★★☆☆