Black and Golds are proud to offer this opportunity to purchase a fully let freehold investment located within a parade of shops, ideally situated along Priory Road, Hall Green B28.
DESCRIPTION
FULLY LET FREEHOLD INVESTMENT, the property comprise a ground floor retail unit, 2 bedroom flat above and storage unit to the rear generating the following income, main shop and rear store with WC and small kitchen area, currently rented out at £6840 gross with lease running until March 2024, there is also a 2 bed first floor flat generating £6000 PA gross, held on an AST on a periodic basis. The storage unit generates £1200 PA on a periodic basis.
ACCOMMODATION
Ground floor retail shop, front sales area, Rear Office, Separate Kitchen, separate WC.
Flat above, access gained via the frontage. Reception Room, 2 x Bedroom, Kitchen, Bathroom
STORAGE UNIT
To the rear of the property is a very useful storage Garage unit with electricity and a roller shutter door. This is currently being rented at £1200 PA on a periodic basis
TERMS
The ground floor shop is rented until March 2024 at £6840 PA and the first floor flat is rented from at £6000 further details are available on request.
OUTGOINGS
Current rateable value £4,350, however may be small business exempt, subject to status.
VAT
We understand there is no VAT payable on the purchase.
LEGAL COSTS
Each party to be responsible for their own legal expenses.
PARKING NOTES
On street parking to the front of the property.
Our helpful team are on hand to answer any queries and concerns you may have.
