property
The property occupies a prominent corner position fronting the main A456 Hagley Road, a busy arterial route serving Birmingham City Centre from the south west and having a return frontage to Monument Road.
The retail units are considered to occupy excellent trading positions for their respective uses, whilst the living accommodation benefits from its close proximity to Birmingham University, other training Colleges and the Queen Elizabeth Hospital.
Edgbaston lies approximately 3 miles south west of Birmingham City Centre and the property lies a short distance from the prosperous and affluent Calthorpe Estate.
The property comprises a large, prominent corner building of part two and three storey construction with a frontage to Hagley Road and a return frontage to Monument Road. We understand that 187 Hagley Road is listed.
The accommodation is divided internally to provide two ground floor retail units occupied by Ladbrokes as a typical betting shop, with cellar storage, ancillary office and customer WCs, and the Lychee Garden Chinese Takeaway which has been established for many years in this location and there are three well presented self-contained flats over the first and second floors.
Commercial Investment
A Prominent Freehold Mixed Retail & Residential Investment comprising Two Retail Units including Ladbrokes and Three Self-Contained Flats
Current Gross Income: £36,725 per annum
We understand that the property is Freehold and is being sold subject to the existing tenancies.
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.
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