property
At the time of going to print, the Auctioneers have not been able to inspect the living accommodation and therefore any description should not be relied upon.
The property is prominently located fronting Hockley Hill which lies just north west of Birmingham City Centre, having good connections to the City itself via the A41 and A4050 ringroad, whilst the Jewellery Quarter and Jewellery Quarter Train Station are within walking distance.
The property benefits from good access to the regional and national motorway network via the A38 Aston Expressway, which provides direct access to junction 6 of the M6 motorway.
The property comprises a three storey end terraced building of brick construction, surmounted by a double pitched slate type tiled roof. The property has been extended to the rear.
The property currently provides a well presented restaurant and bar on the ground floor with two self-contained flats over, one to the first floor and one to the second floor. The restaurant benefits from gas fired central heating, aluminium shop front with electronic roller shutter protection, suspended ceilings, spot lighting. We have not had access to the living accommodation.
Commercial Investment
A Freehold Mixed Retail & Residential Investment Property
Current Rent Passing: £26,900 pa.
Shop & First Floor Flat
We understand that the shop and first floor flat are let by way of a Lease dated 15th November 2010, for a term of six years at a current combined rent of £20,900 per annum.
Second Floor Flat
We understand that the property is let by way of an Assured Shorthold Tenancy, at a rent of £500 per calendar month - £6,000 per annum.
We understand that the property is Freehold, subject to the following tenancies. Copies of the tenancy agreements will be available for inspection within the legal pack.
We understand that VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
