SOLD
Location:
The property is located on Waterloo Road with a return frontage to Gilbert Road and is situated in a densely populated area. Smethwick Rolfe street train station is within 1.4 miles of the premises and provides transport links across the city. Birmingham city centre is approximately 3.5 miles away from the premises.
Description:
The premises comprise of a two-storey end terrace mixed use building of brick-built construction surmounted by a pitched tiled roof. The property provides two self-contained retail units on the ground floor and one self-contained two-bedroom accommodation on the first & second floor which is accessed via the rear. Externally there is a car park to the rear.
Accommodation
Energy Performance Certificate:
Details available upon request.
Services:
We are advised all main services are connected.
Planning:
Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155.
Tenure / Price:
The Freehold interest is available at a quoting price of £325,000, subject to contract.
We understand that the first floor flat is let on a 12-month AST at a rental of £750 per calendar month. The ground floor rear retail is let to a convenience shop on a 10-year lease with effect from 1st September 2020 at a passing rent of £8,400 per annum exclusive. The ground floor front retail is let to a taxi office on a 10-year lease with effect from 1st September 2018 at a passing rent of £11,760 per annum exclusive. The property has a current combined income of £29,160 per annum exclusive. Further details available upon request.
Business Rates:
Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155.
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.
