Commercial Property
Living Accommodation - 448a Birchfield Road
Benefiting from separate access and comprising 5 good sized bedrooms with communal kitchen and bathroom.
The property benefits from a prominent frontage to the main A34 Birchfield Road within a busy local shopping area. The property is considered to occupy a good local catchment area for trade and benefits from its close proximity to Birmingham City University and Aston University, whereby there is a good strong demand for student accommodation such as this within the immediate vicinity.The property benefits from good access to Birmingham City Centre with regular bus services along Birchfield Road, whilst Perry Barr Railway Station is less than 1 mile distant and access to the regional and national motorway network is via Junction 6 of the M6 Motorway.
The property comprises a deceptively spacious two storey building of brick construction with an artificial slate pitched roof. The property is divided internally to provide on the ground floor the main retail area with serving counter and ancillary stores, kitchen and food preparation area. The residential accommodation benefits from a separate entrance and comprises two large bedrooms on the first floor with communal kitchen and bathroom, whilst there is a loft conversion which offers a further three good sized bedrooms. The living accommodation benefits from its own separate access and is well presented throughout, and is considered ideal for student accommodation.
Commercial Investment
A Freehold High Yielding Retail & Residential Investment PropertyCurrent Income: £30,300 pa
Ground Floor - 448:
The ground floor retail unit is let by way of a 6 year Lease with effect from 7th October 2011, at a current rent of £15,000 per annum. We understand that the existing tenant has been in occupation and trading for over 10 years.Living Accommodation - 448a:
There are 3 rooms currently let by way of Assured Shorthold Tenancies, at £325 per calendar month each. There is a further room let by way of an Assured Shorthold Tenancy at £300 per calendar month.One room is currently vacant, thus allowing for further rental income.Copies of the Lease and residential tenancy agreements will be available for inspection within the legal pack.
We understand that the property is Freehold, subject to the following tenancies.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
