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Oak Place, 1 Thimblemill Road, Bearwood, B67 5QR

Sold for for £242,500.
 

Guide Price In excess of £225,000 plus fees


Thursday 25th February 2016

11.00am
Key Features
A Freehold Commercial and Part Residential Investment Property Currently Producing £12,780 per annum with scope for improvement
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Sold for for £242,500.

Commercial Property

Is Preliminary Lot

False

Property Description

This large Freehold property known as The Old Bakery is situated on the corner of Three Shires Oak Road and Thimblemill Road comprising of three flats, a lock-up shop and rear offices/storage with a side entrance offering some off-road parking.

Property Type

Commercial Investment

Tag Line

A Freehold Commercial and Part Residential Investment Property Currently Producing £12,780 per annum with scope for improvement

Tenancy Details

The three residential apartments are all let on Assured Shorthold Tenancies, Flat A and C at £395 per calendar month and Flat B at £275 per calendar month - £12,780 per annum. (Full details of the Leases will be available within the legal pack).

Tenure

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

Viewings

Strictly by arrangement with the Auctioneers.

Tenure: