Commercial Property
False
The property is situated within a parade of similar properties fronting the busy Bristol Road South near its junction with Ryde Park Road within the popular suburb of Rednal near the Rubery and Longbridge borders.
Within the vicinity there is well established housing mixed with retail and commercial development.
The property is considered to occupy a good position for its existing use.
The property comprises a two storey mid terrace of brick construction with a tiled roof.
It is currently configured to provide a well presented retail unit on the ground floor with a self-contained flat on the first floor having access from the rear.
The retail area is used for hair and beauty treatments and extends to approximately 545 sq.ft. (50.63 sq.m.) the flat comprises a living room, two bedrooms, kitchen and bathroom.
A Freehold mixed use investment having a well presented retail unit on the ground floor with a self-contained flat above
Current Rent Passing: £13,800 pa
We understand that the property is Freehold subject to the tenancies below.
The ground floor retail unit is let by way of a three year Lease with effect from February 2015 at a rental of £600 per calendar month (£7,200 per annum).
The first floor flat is let by way of an Assured Shorthold Tenancy at a rental of £550 per calendar month (£6,600 per annum).
We have not had sight of any legal documentation relating to either letting however copies of the Leases will be available for inspection within the legal pack.
We understand that VAT will not be charageable on this transaction.
Strictly by arrangement with the Auctioneers.
