Commercial Property
The property occupies a prominent position fronting the northern side of the B4114 Washwood Heath Road which links the suburbs of Saltley, Alum Rock and Ward End.
Washwood Heath Road is a busy local route throughout the day and the property lies within a well established and popular parade of similar properties.
A pair of mid terraced retail units with a spacious three bedroom flat above, with a large overgrown garden and two brick stores/garages with vehicular access to the rear.
652 is a Travel Agent and 654 is well established gents hairdresser. On the first floor there is a self-contained flat comprising three bedrooms, lounge, kitchen and bathroom.
Commercial Investment
A Freehold Mixed Use Investment comprising Two Ground Floor Retail Units, with a Self-Contained Three Bedroom Flat above
Rent Passing: £19,450 per annum
652 Washwood Heath Road
Let by way of a 6 year Lease from 1st August 2014, at a rental of £7,200 per annum.
654 Washwood Heath Road
Let by way of a 12 year Lease, with effect from 18th November 2004, at a rental of £7,150 per annum.
Living Accommodation
Let by way of an Assured Shorthold Tenancy, at a rental of £425 per calendar month - £5,100 per annum.
We have not had sight of any documentation relating to the above Leases and all interested parties should obtain their own verification by reference to the legal pack.
We understand that the property is Freehold and is being sold subject to the existing tenancies.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
