181 ALUM ROCK ROAD, ALUM ROCK, BIRMINGHAM, B8 1NJ

SELF CONTAINED RETAIL PREMISES – INCOME PRODUCING – FREEHOLD

Investment

Retail

£600,000
Location:

The property is situated within the heart of the main Alum Rock shopping area, where there is a varied mix of local retailers and other commercial uses, together with national operators, which within the immediate vicinity include Greggs, TSB Bank and Betfred. Alum Rock Road is approximately 4 miles North East of Birmingham City Centre. Access to the national motorway network is facilitated via junction 6 of the M6 motorway which is situated within 2.5 miles of the property.

Description:

The property is a two-storey mid terraced building of brick construction with a pitch slate roof. On the ground floor there is a retail area of open plan configuration which benefits from a glazed shop front, carpets, plastered and painted walls, suspended ceiling incorporating fluorescent strip LED lighting and an electric metal roller shutter to the front. On the first floor. there is living accommodation comprising of three rooms, a kitchen and shower room.

Accommodation
GROUND FLOOR
848 Sq Ft
79 Sq M
FIRST FLOOR
521 Sq Ft
48 Sq M
Total Sq Ft:
1,369 Sq Ft
Total Sq M:
127 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected

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.

Terms:

The entire property is currently let on a 15-year lease with effect from August 2015 at a passing rent of £14,000 per annum exclusive. There are 5 yearly rent reviews and a tenant only break option in Year 10.

Tenure / Price:

The Freehold interest is available at a quoting price of £600,000.

Business Rates:

The property is currently listed within the 2017 rating listing as having a rateable value of £19,750. Rates payable will be in the region of £9,717 per annum. 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.

Viewing:
Strictly by prior appointment with the sole agents,
Mason Young Property Consultants.
Contact Details:
Arjamand Farooqui BSc (Hons)
Tel: 0121 285 3535
Mob: 07929 410 481
Email: af@masonyoung.co.uk

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