SOLD
Location:
The property is located on Horsefair Road, which immediately joins the A38 Bristol Road which is one of the main arterial routes into Birmingham City Centre. It benefits from a prominent position and is located close to the popular South side district, which includes The Arcadian, a collection of restaurants and bars. Birmingham’s Chinese Quarter is in close proximity.
Description:
The property comprises of a mid-terraced self-contained four storey building of brick construction surmounted by a pitched tiled slate roof. The front elevation of the property is Grade II Listed. Internally, the ground floor provides a pizza takeaway, which has been fitted out to Caspian Pizza’s corporate standard and benefits from tiled floors and walls with plastered and painted ceiling. There are three self-contained flats located within the upper floors which are accessed from the side. There are two one-bedroom flats and one two bedroom flat benefitting from a lounge, bedroom, a kitchen & bathroom.
Accommodation
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.
Tenure / Price:
The freehold interest is available at a quoting price of £595,000 subject to contract.
The ground floor retail shop is currently let at a passing rent of £15,391.20 per annum exclusive with 16 years remaining. The flats are all rented out on 3-year commercial lease bringing in an additional income of £21,600 per annum exclusive giving a total income of £36,991.2 per annum exclusive
Business Rates:
The property is currently listed within the 2017 rating listing as having a rateable value of £11,000. Rates payable will be in the region of £5,489 per annum respectively. Small business rate relief may apply.
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.
