Commercial Property
1
False
The property is situated within a parade of similar properties, lying to the northern side of the busy and popular Alum Rock Road, close to the borders of Alum Rock, Ward End, Washwood Heath and Hodge Hill. The property is situated near to the junction of Alum Rock Road, Pelham Road and Sladefield Road.
The property comprises a two storey end of terraced building, of brick construction with a composite slate roof. On the ground floor is a well presented retail area, having roller shutter security grill. On the first floor and having separate rear access is the living accommodation comprising lounge, kitchenette, bedroom, shower room with WC. Outside there is an enclosed rear garden.
Commercial Vacant Possession
A Part Vacant, Part Investment, Mixed Retail and Residential Property
Current Rental Income: £5,700 pa.
Estimated Full Rental Value: £15,700 pa.
We understand that the property is Freehold.
The ground floor retail unit will be available with vacant possession upon completion. The first floor flat is currently let by way of a 12 month Assured Shorthold Tenancy, with effect from 1st December 2015 at £350 per calendar month.
The rear garden/yard area is let to a local Day Nursery, for £1,500 per annum. Further details will be available within the legal pack.
We understand that VAT will not be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers.
