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 well presented ground floor retail unit with stores and kitchenette. On the first floor is a modernised self-contained flat having kitchen, bathroom, two bedrooms, living room and benefitting from gas fired central heating. To the rear there is a gated area suitable for parking.
Commercial Investment
A Freehold Retail Unit with First Floor Residential Investment
Current Rent Passing: £5,880 per annum
Estimated Full Rental Value: £12,500 per annum
We understand that the property is Freehold. The ground floor retail unit will be available with vacant possession upon completion.
The first floor flat is let by way of an Assured Shorthold Tenancy at a rental of £490 per calendar month (£5,880 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.
