29 ST MARGARETS ROAD, WARD END, BIRMINGHAM, B8 2BA

GROUND FLOOR RETAIL UNIT WITH RESIDENTIAL ACCOMMODATION – INCOME PRODUCING – FREEHOLD

Investment

UNDER OFFER

£225,000
Location:

The subject premises are situated in a prominent position on St Margaret’s Road and can be accessed from Washwood Heath Road (B4114), which in turn provides access to Saltley and Hodge Hill. The property provides good transport links such as Stechford Train Station which is located approximately 1.7 miles away from the subject premises. Communication links are excellent with the location providing a direct route to Heartlands Parkway (A47), Dartmouth Middleway and the A38(M) Aston Expressway linking to J6 of the M6 Motorway at Spaghetti Junction.

Description:

The property comprises an end terraced two-storey brick-built building surmounted by a pitched tiled roof. The ground floor benefits from tiled flooring, a suspended ceiling with fluorescent strip lighting, WC facilities and a store. Externally the premises benefit from an electric metal roller shutter and an aluminium framed glazed shop front. There is a flat located on the first floor comprising a lounge, one bedroom, bathroom and a kitchen. The flat benefits from a laminated floor covering, light points, electric and water and plastered & painted walls.

Accommodation
Ground Floor Retail
1,159 Sq Ft
108 Sq M
First Floor Flat
401 Sq Ft
37 Sq M
Total Sq Ft:
1,560 Sq Ft
Total Sq M:
145 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Planning:

Interested parties should contact Birmingham City Council Planning Department on 0121 303 1115.

Terms:

The ground floor retail shop is currently let on a 7-year lease with effect from 2nd March 2020 at a passing rent of £10,200 per annum exclusive. The flat is rented out on a 6-month rolling AST bringing in an additional income of £6,600 per annum exclusive giving a total income of £16,800 per annum exclusive.

Tenure / Price:

The Freehold interest is available at a quoting price of £225,000, subject to contract.

Business Rates:

The property is currently listed within the 2017 rating listing as have a rateable value of £5,000.00. Rates payable will be in the region of £2,495.00 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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