Commercial Property
False
The properties form part of a larger terrace of similar properties, standing behind a service road, fronting Northfield Road, close to its junction with Osmaston Road. The properties lie within a popular and well established residential area, with both Harborne Golf Club and Harborne Church Farm Golf Course in very close proximity. The property is within easy reach of all the shopping, leisure and other amenities provided within the Harborne High Street area, which lies just a short distance to the north of the premises.
The property is well served by public transport, with good links to Birmingham City Centre and the surrounding suburbs.
Property Description
Value Added Tax
The property comprises a prominent three storey terraced building of brick and part rendered construction, with a tiled roof. The property is divided internally to provide on the ground floor a spacious showroom/retail unit, whilst on the upper floors there are 6 no. two bedroom flats, 1 no. one bedroom flat and 2 no. bedsits. They are all self-contained.
Flats 299a and 299b are Long Leasehold and it must be noted that the ground floor unit 299 does not form part of the property.
The properties are well presented throughout and the common areas are well maintained, whilst to the rear there is a surfaced car park accessed from Osmaston Road.
We understand that VAT will not be chargeable on this transaction.
Commercial Investment
A Prominent & Well Located Mixed Residential & Commercial Investment Property
Current Gross Income: £60,480 pa.
Estimated Full Rental Income: £65,880 pa.
We understand that 301-305 Northfield Road is Freehold and will be sold subject to the existing tenancies, whilst we further understand that 299a and 299b are Long Leasehold and are also subject to the existing Leases.
We have not had sight of the legal documentation relating to the tenure or the Lease agreements, however, copies will be available within the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
