property
The property is prominently located within a popular local shopping parade, fronting Fox Hollies Road close to its junction with Olton Boulevard and within the heart of a very popular retail and well established residential area.
The shopping parade serves a very large residential catchment area, which is well served by all local amenities and being situated approximately 3 miles north of Solihull Town Centre and 5 miles south of Birmingham City Centre. The property is considered to occupy an excellent catchment area for trade.
The property comprises a prominent mid terraced two storey building of brick construction and standing back from the road behind a large forecourt and pavement.
The ground floor comprises a lock-up shop, having a double fronted powder coated plate glass display window, central doorway opening directly to the sales area. To the rear, there is a stock room, kitchen and WC. To the rear of the property, there is a small secure yard with access from the rear of the property.
On the first floor, there is a self-contained flat with access from the frontage and briefly comprising living room, bedroom, kitchen, bathroom/wc.
Commercial Investment
A Well Presented Freehold Mixed Retail and Residential Investment Opportunity within a busy Shopping Parade
Current Rental: £13,400 per annum
We understand that the property is Freehold and is being sold subject to the existing tenancies.
The ground floor retail unit is let by way of a Lease for 3 years with effect from the 10th April 2014 at a rent of £8,662.50 per annum. 311A is let by way of an assured shorthold tenancy at a rental of £4,740 per annum.
Copies of the Lease and Tenancy Agreement 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
