property
Ground Floor:
Retail Area of 416 sq.ft. (38.66 sq.m.) having an aluminium shop front with roller shutter security grills and partitioned office. There is a lobby with cloak room, having wc and wash hand basin. There is a ground floor studio type flat comprising Bed/Living Room, Kitchen, Bathroom with bath, wash hand basin and wc.
First Floor:
Hall, Stairs and Landing, Kitchen, Cloak Room with WC and wash hand basin, Bedroom 1 (double), Bedroom 2 (double), Bathroom with bath and wash hand basin.
Second Floor:
Stairs and Landing, Bedroom 3 (double), Bedroom 4 (double).
Outside:
There is a rear yard area with a shared pedestrian gated access.
The property is situated to the southern side of the A4126 Walford Road near its junction with Medlicott Road and being within close proximity to the main A34 Stratford Road, Sparkhill.
The property comprises a three storey mid terrace of brick construction, which is arranged comprising a retail/office and a studio type flat to the ground floor with four separate rooms to the first and second floors with shared bathroom and kitchen facilities.
Commercial Investment
A Freehold Commercial & Residential Investment Opportunity
Passing Rent: £25,752 pa.
We understand that the property is Freehold, subject to various tenancies. We are advised that the ground floor is let for a term of 15 years from January 2010, at a current rental of £13,800 per annum.
We are further advised that the rooms to the upper floors are let on an individual basis and that the current combined rental is £11,952 per annum. We understand that one room is currently vacant.
We have not had sight of any documentation relating to the above information and all interested parties must seek verification of this by referring to 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.
