Commercial Property
The property is situated within a parade of similar properties in Witton Lodge Road, Perry Common, which is a predominantly residential area approximately 5 miles north of Birmingham city centre. The housing stock ranges from 1950's local authority development to new build family homes. There are a number of community uses within the immediate vicinity. The area is densely developed and as such the properties are considered to occupy a good potential catchment area for their existing use or other alternative retail uses subject to obtaining any appropriate planning permission.
Birmingham city centre lies approximately 5 miles to the south, Sutton Coldfield 3 and a half miles to the north and the various local amenities available in Erdington are approximately 1 and a half mile to the east. The property benefits from access to the national road network via junction 6 of the M6 motorway which is approximately 2 miles to the south.
The property is located on the Perry Common ring, with a number of houses, local shops and restaurants surrounding it, and a park and free parking are located directly opposite.
On Behalf of Fixed Charge Receivers
Viewings & Further Details
Value Added Tax
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
We understand that VAT will be chargeable on this transaction.
The property comprises a two storey brick building under a pitched tile roof originally built as a co-operative store it is divided to provide three ground floor retail units with two flats above and a rear yard. Flat 111b is self contained and has a separate rear entrance whilst flat 107b is accessed directly from the ground floor retail area.
111 is a traditional butchers shop with ancillary stores, we have not been able to access 109 but understand that it is a restaurant, and 107 is a local café. Flat 107b and 111b are similar in layout and each comprise two bedrooms, living room, kitchen and bathroom. We have not been able to access flat 111b.
To the rear of the building there is a shared drive and yard area.
A Freehold Mixed Retail and Residential Investment Property comprising Three Retail Units and Two Flats
Current Rent Passing £30,650 pa
We understand that the property is Freehold subject to the following tenancies.
Copies of any documentation relating to this will be available for inspection within the legal pack.
