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563-565 Warwick Road, Tyseley, Birmingham, B11 2EX

Lot no: 88 Withdrawn
 

Guide Price in excess of £220,000 plus fees


Thursday 4th May 2017

11.00am
Key Features
  • A FREEHOLD VACANT RESTAURANT WITH LEASED FIRST FLOOR PRODUCING A CURRENT RENTAL INCOME OF £20,400 PA
  • EPC Rating: See Legal Pack.
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Withdrawn

Commercial Property

Property Description:

A Freehold vacant restaurant which is flush to the pavement with first floor accommodation let for a fifteen year period at an initial rental of £20,400 per annum for supported accommodation.

Ground Floor

Restaurant and Bar which we understand is suitable for up to 80 covers, Kitchen, Male and Female Toilets.

First Floor (accessed by a separate side entrance)

Seven Bedrooms, Two Bathrooms and Kitchen.

The property benefits from having gas fired central heating and the majority of the windows are UPVC double glazed units.

Tenure

We understand that the property is Freehold and being sold subject to the existing tenancies.

Tenancy Details

The first floor of the premises is let on a 15 years Lease from the 1st October 2016 at an initial yearly income of £20,400 per annum for the first 24 months of the Lease and negotiable and review thereafter. The first floor is used for supported accommodation.

Auctioneers Note

Prospective purchasers should note that the Auctioneers have not had the opportunity to inspect the property prior to going to print and therefore the accommodation details should not be relied upon.

Viewings

Strictly by arrangement with the Auctioneers.

Tenure:

Freehold. Part let/part vacant.