Two-bedroom flat and retail investment opportunity

A freehold mixed-use investment opportunity with a current gross income of £25,000 per annum. The property comprises a retail shop and self-contained flat arranged over ground and first floors. The shop fronts Heathfield Road and provides an open-plan layout finished to the tenant's usual corporate specification, while the flat benefits from its own independent access and comprises two bedrooms, a bathroom, a living room, and a kitchen. The property occupies a prominent position on Heathfield Road in Handsworth, approximately 2 miles north-west of Birmingham city centre. The area is well-established and benefits from a strong mix of residential and commercial occupiers, with a wide range of shops, supermarkets, restaurants, and other amenities close by. Birmingham city centre is readily accessible, while the A41, A34, and wider West Midlands road network provide excellent connectivity. The ground floor is let to Coral Racing Limited for a term of ten years from 22nd January 2017, expiring 27th February 2027, at a passing rent of £12,000 per annum, with terms agreed for a new 10-year lease (with an option to break at the 5th anniversary). The first-floor self-contained flat is let at a rental of £13,000 per annum. The Coral brand of betting shops forms part of Entain plc, a FTSE 100 company and one of the world's largest sports betting and gaming groups.