236 SHAFTMOOR LANE, HALL GREEN, BIRMINGHAM, B28 8SP
RETAIL INVESTMENT 3 BED FLAT & SEPARATE BEDSIT
The property is prominently situated near to a traffic island at the junction of Shaftmoor Lane and Cateswell Road.
Situated mid-way between Hall Green and Acocks Green the area is undergoing a high level of development. The road is a busy thoroughfare leading to the main A34 Stratford Road some 500m away.
The premises comprise a mid-terrace ground floor retail unit with a self-contained 3 bedroom flat arranged over part ground floor and first floor. There is also a separate bedsit with shower room on the ground floor.
The retail unit is currently trading as an off licence and convenience store.
The bedsit is accessed from the rear and consists of a single room with ensuite shower room.
The flat is also accessed from the rear and has a large lounge and fitted kitchen on the ground floor with 3 good sized bedrooms and a bathroom on the first floor.
There is forecourt parking to the front.
£275,000 for the freehold interest subject to the existing leases.
The ground floor retail unit is let for 15 years from May 2016 and the residential units are let on AST’s:
Shop £600pcm - £ 7,200pax
Bedsit £290pcm - £ 3,480pax
Flat £750pcm - £ 9,000pax
Current total rental income - £19,680pax
The Valuation Office website states that the property is currently assessed as follows:
Shop and Premises: RV £4,000
Council Tax Band: A
Prospective purchasers are strongly advised to make independent enquiries of Birmingham Council Rating Authority on 0121 303 5511.
We understand that gas, electricity, water and mains drainage are connected to the property.
The agents have not tested the services and a prospective purchaser is advised to make their own enquiries regarding the adequacy and condition of these installations.
We believe that the property has (A1) Retail use & (C3) residential use.
Strictly by prior appointment with the sole agent Chivers Commercial. Please contact 0121 441 3040.
Each party to pay their own legal and other costs during the transaction.
All figures quoted are exclusive of VAT which will be added as required.
Copies of the EPC's are available on request.
CONDITIONS UNDER WHICH THESE PARTICULARS ARE ISSUED:
Chivers Commercial for themselves and for vendors or lessors of this property whose agents they are give notice that:
(i) the particulars are set out as a general outline only for guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract;
(ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
(iii) no person in the employment of Chivers Commercial has any authority to make or give any representation or warranty whatever in relation to this property.