5 HOCKLEY HILL, HOCKLEY, BIRMINGHAM, B18 5AA

INVESTMENT PROPERTY THREE STOREY MIXED USE –  FREEHOLD

Investment

Retail

£400,000
Location:

The building is situated on a prominent location A41 Great Hampton Street in Hockley Hill.  The prominent Jewellery Quarter is located short walking distance and benefits from various retailers.  Junction 1 of the M5 is located within 3 miles of the subject property.  The A38(M) is located approximately 1 mile away connecting to the M6 and wider national motorway network. Birmingham City Centre is approximately 1.2 miles from the property.

Description:

The premises comprise of a brick built three storey building. The ground floor retail unit benefits from a fully glazed shop frontage.  The accommodation provides a main sales area on the ground floor with a storeroom at the rear and a basement.  The upper floors are self-contained and have not been measured.

Accommodation
Ground Floor
1,249 Sq Ft
116 Sq M
Total Sq Ft:
1,249 Sq Ft
Total Sq M:
116 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected.

Planning:

We have been verbally informed that the ground floor premises benefits from A3.  A change of use may be possible, subject to planning.

Interested parties are advised to make their own enquiries to the planning department at Birmingham City Council on 0121 303 1115.

Terms:

The property is currently let on a 6 year lease with effect from December 2015 at a passing rent of £14,500 per annum exclusive.  The upper floor apartments are currently rented at a passing rent of £7,200 per annum for the first floor and £6,000 per annum exclusive for the second floor.  The total annual income is £27,700 pax.

Tenure / Price:

The freehold interest is available to purchase at a quoting price of £400,000.

Business Rates:

The property is currently listed within the 2010 rating listing as having a rateable value of £7,400. Rates payable will be in the region of £3,648.20 per annum respectively.

Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

VAT:

This 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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