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1048-1052 Pershore Road & 1-3 Dogpool Lane, Selly Park, Birmingham, B29 7BX

Sold for for £315,000.
 

Guide Price £280,000-£300,000 plus fees


Thursday 4th September 2014

11.00am
Key Features
A Prominent Freehold Mixed Retail & Residential Investment in a popular location<1mm/> Current Gross Rental: £32,900 pa.
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Sold for for £315,000.

Commercial Property

Location

The property occupies a prominent corner position at the junction of the main A441 Pershore Road and Dogpool Lane, on the borders of Selly Park and Stirchley, approximately 3 miles south west of Birmingham City Centre.
The immediate vicinity comprises a mix of retail, The Ten Acres Centre, a Travis Perkins Builders Merchant and terraced housing. The property is considered to occupy a good catchment area for a variety of retail uses, subject to any appropriate planning permission.

Property Description

The property comprises a prominent 'u' shaped two storey building with three ground floor retail units and two spacious self-contained flats on the first floor.
We understand that the property is a former bank premises, which has been converted to provide the existing accommodation. The three retail units have a shared yard area to the rear. The flats each have their own front door access with hallway, stairs leading to first floor, having landing area, lounge, kitchen with balcony, three bedrooms, bathroom and separate wc. The flats benefit from UPVC double glazing and central heating.

Property Type

Commercial Investment

Tag Line

A Prominent Freehold Mixed Retail & Residential Investment in a popular location
Current Gross Rental: £32,900 pa.

Tenure

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

Value Added Tax

We understand that VAT will not be chargeable on this transaction.

Viewings & Further Details

Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.

Tenure: