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5 & 5A Oxhill Road, Shirley, Solihull, B90 1LR

Sold for for £161,000.
 

Guide Price £125,000-£150,000 plus fees


Thursday 24th October 2013

11.00am
Key Features
A Freehold Retail Premises with Part Residential Investment <1mm/> Current Part-Letting Income: £6,000 pa with scope for improvement
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Sold for for £161,000.

Flat

Accommodation

Ground Floor:
A Large Retail Unit with Roller Shutter, Rear Hallway & WC.

First Floor:
Approach by an External Staircase to the side of the Property access to the Apartment, Hallway, Lounge, Kitchen, Two Bedrooms & Bathroom.

The flat has the benefit of double glazing and gas fired central heating.

Outside:
Rear Yard Area offering ample expansion potential, Vehicular Access & Two Lock-up Garages.

The shop premises is in need of refurbishment.

Planning

We are advised by the Vendor that Planning has been agreed to extend the property at ground floor level and also change of use from a former laundry to A3 use with restricted opening hours.

Property Description

A flush fronted mid-terraced retail premises with a two bedroomed apartment above set back from the road behind a forecourt with a parking bay and side driveway to rear of the premises giving access to the two bedroomed apartment and garage accommodation.

Property Type

Residential Investment

Tag Line

A Freehold Retail Premises with Part Residential Investment

Current Part-Letting Income: £6,000 pa with scope for improvement

Tenancy Details

The residential apartment to the first floor is let on an Assured Shorthold tenancy with a current rental of £500 per calendar month, £6,000 per annum.

Tenure

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

Viewings

Strictly by arrangement with the Auctioneers.

Tenure: