Commercial Property
False
The property is situated within a local neighbourhood parade of similar properties with car parking to the front. Lying within a predominately residential area with a school opposite.
St Vincent Street West runs between the main A4540 Ladywood Middleway and Ledsam Street.
The property comprises a ground floor mid terrace retail unit. Internally the property provides a modern hot food takeaway and restaurant, comprising a dining area for 16 covers, trade counter, preparation area and well equipped cooking area.
A Freehold Ground Floor Retail Investment Property within an established local shopping parade
Current Rental Income: £11,436 per annum
We are advised that the property is Freehold, subject to a Lease for a term of 15 years, with effect from 2014. There is provision for a rent review every five years.
We have not had sight of the legal documentation and a copy of the Lease and confirmation of tenure will be contained within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
