property
The property is situated in the well established and popular Kitts Green, Lea Village shopping area, which lies approximately 6 miles east of Birmingham City Centre. The property is located within a parade of similar properties in this densely developed residential area and there is a mix of local traders and national retailers including Ladbrokes, Greggs, Lloyds Bank, Scrivens Opticians, The Post Office and local convenience store.The property is considered to occupy a good potential catchment area for future trade.
The property comprises a mid terraced ground floor retail unit which was until recently used as a florist. There is a spacious retail area extending to approximately 896 sq.ft. (83.31 sq.m.), store, kitchen, wash room and wc. The property has the benefit of roller shutter security grille to the front.The property is considered suitable for a variety of retail uses, subject to any appropriate planning permission.
Commercial Vacant Possession
A Freehold Ground Floor Retail Unit within a busy neighbourhood shopping parade, together with ground rent from flat above
We understand that the ground floor shop is Freehold and vacant possession will be given upon completion. The first floor self contained flat has previously been sold on a long leasehold basis for a term of 99 years with effect from 25th March 1989, at a current ground rent of £33 per annum. Full details are available within the legal pack.
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.
