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