Commercial Property
The property is situated within a well established local parade of similar properties, fronting the main A38 Bristol Road South. The A38 is a main arterial route from the south and links the suburbs of Longbridge, Northfield, Bournville and Selly Oak with Birmingham city centre which lies approximately 7 miles distant. The property benefits from a good immediate catchment area for trade combined with a high level of potential passing trade.
The property comprises a two storey mid terraced property of brick construction surmounted by a pitched roof.
The property is divided internally to provide a ground floor retail unit which is currently occupied by a well established party shop. It benefits from a UPVC glazed frontage with electric roller shutter security grill, there are two rear stores, kitchenette and WC. There is a rear gated parking area accessed via a shared driveway. On the first floor there is self-contained flat comprising kitchen, bathroom, two bedrooms and living room.
A Freehold Mixed Retail and Residential Investment fronting a busy 'A' Road
Current Rental Passing: £9,462 per annum
We understand that the property is Freehold subject to the following tenancies:-
Ground Floor Retail Unit
Occupied by Ace Party, who have been in occupation since April 2001. The current Lease expired in October 2014 and the tenant is currently holding over at a rent of £4,800 per annum.
First Floor Flat
The Tenant has been in occupation since August 2009 and is currently holding over at a rent of £388.50 per calendar month (£4,662 per annum).
We understand that VAT will not be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
