Commercial Property
The property occupies a prominent frontage to the main A34 Stratford Road, close to its junction with Henley Street, approximately 1 mile from Birmingham City Centre. The A34 is a busy arterial route linking Birmingham City Centre with Solihull which lies approximately 7 miles south east. The A34 is a busy traffic route throughout the day and is well served by public transport.
Within the vicinity, there is a wide mix of retail, commercial and residential uses.
The property comprises two three storey mid terraced properties, which have been inter-linked. The main building is of brick construction, surmounted by a tiled pitched roof. There is a substantial single storey extension to the rear of the property, believed to have been constructed in 2008, which is of brick construction with a flat felted roof.
The ground floor provides 14 individual retail and office units off a central walkway and effectively forms a small retail/office mall. The ground floor is well presented with gas fired central heating system and CCTV security cameras.
The first and second floors are self-contained and comprise 10 individual letting rooms, with shared kitchen/diners and four shared shower rooms. We are advised that the property has the benefit of an HMO Licence issued by Birmingham City Council on 28th October 2010.
Commercial Investment
A Substantial Freehold Mixed Commercial & HMO Residential Investment
Current Rent Passing: £64,496 pa.
Estimated Full Rental Value: £83,400 pa.
We understand that the property is Freehold, subject to various short term tenancy agreements. We have not had sight of the documentation relating to these, however a schedule will be available within the legal pack.
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.
