Location:
The property is located on Stratford Road, which is on the main A34 arterial route. The property is well located with a range of retail stores and shops. Birmingham City Centre is approximately 3.5 miles North West from the premises. Bordesley Train Station is located approximately 0.8 miles away from the subject premises, providing regular links into Birmingham City Centre and the surrounding areas. The A34 is one of the main arterial roads leading in and out of the City Centre. The property is within relatively close proximity to the main inter-section of Stratford Road and Warwick Road.
Description:
The premises comprise a mid-terraced three storey mixed use building of brick-built construction surmounted by a pitched tiled roof. The ground floor provides 3 self-contained retail units with the fourth unit providing access to the upper floors. Internally, the property benefits from solid floor with laminate covering, tiled floor, plastered and painted walls & ceiling, suspended ceiling with inset light points, gas central heating, kitchenette and WC facilities. The first and second floor residential accommodation contains 6 bedsits on each floor with separate WC and shower facilities on each floor. The residential accommodation benefits from plastered and painted walls and ceiling, solid floor with laminate covering and kitchen facilities. Externally, the premises benefit from glazed shop fronts, electric roller shutters and a rear garden.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected to include mains gas, water and electricity.
Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.
Planning:
Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.
Tenure / Price:
The freehold interest is available at a quoting price of £1,200,000 subject to contract.
The ground floor retail shops, first and second floor residential accommodation are all currently let for a term of 5 years from June 2023, which include a rent review provision at every second anniversary. The total rental income for the property is £72,280 per annum exclusive.
Business Rates:
Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.VAT:
We understand that the property is not elected for VAT.
Legal Costs:
Each party to be responsible for their own legal costs incurred during this transaction.
