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.
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.
Energy Performance Certificate:
Details available upon request.
We are advised all main services are connected.
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
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.
We understand that the property is not elected for VAT.
Each party to be responsible for their own legal costs incurred during this transaction.