Commercial Property
The property benefits from a prominent frontage to Formans Road, just off the main A34 Stratford Road, within the heart of Sparkhill. Within the vicinity, there is a mix of local retail and other commercial uses, combined with densely developed residential dwellings, largely dating from the early 1900s. The properties are considered to occupy a good potential catchment area for a variety of retail or other commercial uses, subject to any appropriate planning permission.
The property comprises a pair of mid terraced retail units, with a self-contained flat over the first floor. The property is of two storey brick and part rendered construction under a pitched tiled roof. It is divided to provide two lock-up retail units, each comprising a retail area, ancillary stores and WCs.
Outside, there is a rear garden and separate self-contained access to the flat. We have not inspected the living accommodation, however understand it comprises two bedrooms, lounge/diner, bathroom, kitchen and benefits from central heating and double glazing.
The property is considered suitable for extension to the rear, subject to obtaining the appropriate planning permissions.
Commercial Investment
A Pair of Freehold Retail Units with Residential Investment on the first floor
We understand that the property is Freehold, the two retail units will be available with vacant possession upon completion.
The flat is let by way of an Assured Shorthold Tenancy, at a rental of £400 per calendar month (£4,800 per annum). We are advised that the Tenant is currently holding over.
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.
