Commercial Property
False
The property is located within a busy local parade of similar shops, fronting the northern side of Garretts Green Lane, near its junction with Cockshut Hill. Garretts Green Lane is a predominately residential area, close to the main A45 Coventry Road, a principle arterial route into Birmingham City Centre from the south east. The property lies approximately 7 miles south east of Birmingham City Centre.
The property comprises a ground floor retail unit, currently trading as a Prestige News Convenience Store, to the rear of the shop there is a store and WC. The storage area provides access to a rear yard, which has a gate leading to Cockshut Hill. On the first and second floors, there is well presented living accommodation comprising four bedrooms, living room, modern kitchen, modern fitted bathroom with shower. The flat benefits from gas fired central heating and UPVC double glazed replacement units. The living accommodation is accessed from a stairway to the rear of the property.
Commercial Investment
A Freehold Retail Investment Property within a popular and busy local parade
Current Gross Income: £22,000 pa.
We understand that the property is Freehold, subject to a 25 year Lease, with effect from January 2010. The property is subject to an upward only rent review every three years, with the next review due in January 2016.
We have not had sight of the legal documentation, however a copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
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