812 ALCESTER ROAD SOUTH, KINGS HEATH, BIRMINGHAM, B14 5HH
PROMINENTLY LOCATED PART OF A LOCAL NEIGHBOURHOOD PARADE OF SHOPS GROUND FLOOR RETAIL UNIT FIRST FLOOR TWO BED FLAT TOTAL AREA – 175.78 SQ M. (1,892 SQ FT.) APPROX. CURRENT RENTAL INCOME £15,900 pax
Birmingham’s status as the UK’s second city is being rapidly reinforced through major infrastructure works, the growth of its conference facilities and the quality of its retail and leisure. The transformation from its traditional role as the UK’s manufacturing heartland has been rapid and today it is a leading professional service provider with an established and growing reputation.
The property is situated on the (A435) Alcester Road South between Kings Heath and the Maypole Island forming part of a small parade of localised retail units serving the immediate area.
This is a busy thoroughfare and benefits from high traffic flow with excellent road frontage.
The subject property comprises an end-terraced two storey retail of brick construction below a part pitched and flat roof. The property is set back from Alcester Road South and benefits from a rear vehicular access.
The ground floor briefly comprises a retail area with offices, storage and WC.
The first floor is self contained and accessed from the front and briefly comprises of a living room, two bedrooms and bathroom / WC.
The property has been measured in accordance with the current Code of Measuring Practice (6th Edition) published by the Royal Institution of Chartered Surveyors.
Areas (Net Internal)
Sq M Sq Ft
Retail area 128.53 1,384
Flat 47.25 509
Totals 175.78 1,892
We understand the building is freehold and is currently let as follows:
Ground floor retail unit let to Hoods Carpets on a rolling monthly agreement at a rent of £700 pcm / £8,400 pax.
First floor flat let on an AST at a rent of £625 pcm / £7,500 pax.
Total current income £15,900 pax.
We are instructed to seek offers in excess of £250,000 (Two Hundred & Fifty Thousand Pounds) subject to contract, subject to the existing leases and exclusive of VAT which will be added as required.
The Valuation Office Agency website states that the property is currently assessed as follows:-
Rateable Value: £10,250
Prospective purchasers are advised to make their own enquiries of the rating department of Birmingham City Council on 0121 303 1115.
The flat is assessed for Council Tax purposes in Band A.
Strictly by prior appointment with the sole agent Chivers Commercial. Please contact 0121 441 3040.
Each party to be responsible for their own legal costs incurred during this transaction.
All figures quoted are exclusive of VAT which will be added as required.
In accordance with Anti Money Laundering
Regulations, two forms of ID and confirmation
of the source of funding will be required from
the successful applicant.
Energy Performance Certificate 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.