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Chester Road, Birmingham
Guide Price £200,000 ()

Property details


For sale by Modern Method of Auction; Starting Bid Price £200,000.00 plus Reservation Fee through IAMSOLD

Offering a good opportunity to purchase a mixed use property comprising a single fronted ground floor retail unit within a storey building. Above the retail unit is a two bedroom flat with a long staying tenant in situ. Internally the property is in good order and has been well maintained by the existing owner.

The subjects are located on Chester Road in a prime position just a short distance from Tyburn Road and Kingsbury Road in Birmingham

Several other retail units can be found nearby all located in a row of ten retail units on the busy Chester Road.

There is Jaguar Experience dealership and JLR Castle Bromwich only a short walk from the subject.

The premises extend to approximately 849 sq.ft. (78.8 square metres) comprising of a Large showroom with tiled walls (6.026m X 9.32m) small office with a Kitchenette and w/c both tucked behind the Showroom discretely.

There is also a small storage area which leads unto a large parking or Loading area with ample space for not fewer than 4 vehicles.

Rental on retail unit was £10,500:00 with a rateable value of £6,600.

The subjects also includes a two bedroom flat with a current AST yielding £5700 annually.

Offers in excess of £200,000 are invited. VAT is not payable on the purchase price.

For more information please contact the Selling Agents on 02476 691691

Property features

  • Potential rental income from retail unit -£10,000
  • Mixed use accommodation with 2 bed flat above commercial unit- rent of £5,700 P.A
  • Prominent retail position next to busy road with slip road for access into row of shops
  • Traditional retail unit with generous parking behind premises
  • Suitable for a variety of uses
  • Vacant possession for commercial unit
  • Offers in the region of £200,000 invited
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