7 POPLAR ROAD, SMETHWICK, BIRMINGHAM, B66 4AW

TWO STOREY RETAIL PREMISES WITH ON SITE CAR PARKING – INVESTMENT

Development

Investment

£295,000
Location:

The property is situated in a prominent location fronting Poplar Road in Bearwood, approximately 2 miles west of Ladywood Middleway (A41), which forms part of Birmingham’s Ring Road system, providing access around the City. The property occupies a prominent corner position at the intersection of Anderson Road and is a short distance from Bearwood Road, which is the main High Street in this area and has a mix of local and national retailers. Smethwick Galton Bridge train station is located approximately 3 miles away from the site which provides transport links to the city centre and across Birmingham.

Description:

The premises comprise of a two-storey end terrace mixed use building of brick-built construction surmounted by a pitched tiled roof. The property provides a self-contained retail unit on the ground floor and residential accommodation on the first floor comprising of two 1 bedroom flats. Internally the ground floor retail accommodation benefits from gas central heating, luxury vinyl plank floor covering, plastered and painted walls and ceilings with Cat 2 lighting, a kitchenette and WC facilities. The flats are of similar specification with carpet covered floors with each flat benefitting from a kitchenette, WC and shower facilities. Externally, the property benefits from a car park located at the rear.

Accommodation
Ground Floor
614 Sq Ft
57 Sq M
Flat 7A
379 Sq Ft
35 Sq M
Flat 7B
298 Sq Ft
27 Sq M
Total Sq Ft:
1,291 Sq Ft
Total Sq M:
120 Sq M
Energy Performance Certificate:

Details available upon request.

Services:

We are advised all main services are connected to include gas, electric and water.

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.

Planning:

Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155

Tenure / Price:

The Freehold interest is available at a quoting price of £295,000, subject to contract.

We have been informed that the property has a current income of £24,000 per annum exclusive. Further details available upon request.

Business Rates:

The property is currently listed within the 2017 rating listing as have a rateable value of £5,400. Rates payable will be in the region of £2,694.60 per annum.

Interested parties are advised to make their own enquiries to Sandwell Metropolitan Borough Council on 0121 368 1155

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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