Commercial Property
False
The property is situated within the popular and well established Poplar Road, at its junction with Woodville Road. Within the immediate vicinity is Kings Heath Primary School, Poplar Road Health Clinic, attractive character residential properties and a selection of local retailers and restaurants, whilst an Asda food store and the main Kings Heath shopping area are within a short walk.
The property is considered to occupy an excellent position for its current uses.
Property Description
Value Added Tax
The property comprises a prominent corner part single part three storey semi detached building, of brick construction with slate roofs and built in 1905.
The property which is well presented throughout is divided into three self-contained areas, No. 56 operates as a local neighbourhood pharmacy, with a retail area, dispensary, small store and WC off. No. 56b is a single storey retail unit operating as a long established toy, gift and craft shop with a modern retail area and staff WC and kitchenette off. No. 56a comprises self-contained living accommodation with two double bedrooms, modern kitchen and bathroom on the first floor, whilst on the second floor is a further double bedroom, bathroom and kitchen.
The property benefits from gas fired central heating and outside there is a surfaced parking area for three cars.
We understand that VAT will not be chargeable upon this transaction.
Commercial Investment
A Well Presented Freehold Mixed Retail & Residential Investment Property, within a Popular Location
Current Gross Income Equivalent to £37,680 pa.
We understand that the property is Freehold, subject to the tenancy schedule below.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
