Under Offer

High Street Retail Property for sale

Poplar Road, Smethwick B66


£295,000
1,291 ft²

Features

  • Development Potential (STPP)
  • Freehold Title
  • Income Producing
  • Rear Car Park

Description

Location
The property is situated in a prominent location fronting Poplar Road in Bearwood, approximately 2 miles west of Ladywood Middleway (A41), which forms part of Birmingham's Ring Road system, providing access around the City. The property occupies a prominent corner position at the intersection of Anderson Road and is a short distance from Bearwood Road, which is the main High Street in this area and has a mix of local and national retailers. Smethwick Galton Bridge train station is located approximately 3 miles away from the site which provides transport links to the city centre and across Birmingham.

Description
The premises comprise of a two-storey end terrace mixed use building of brick-built construction surmounted by a pitched tiled roof. The property provides a self-contained retail unit on the ground floor and residential accommodation on the first floor comprising of two 1 bedroom flats. Internally the ground floor retail accommodation benefits from gas central heating, luxury vinyl plank floor covering, plastered and painted walls and ceilings with Cat 2 lighting, a kitchenette and WC facilities. The flats are of similar specification with carpet covered floors with each flat benefitting from a kitchenette, WC and shower facilities. Externally, the property benefits from a car park located at the rear.

Planning
Interested parties should contact Birmingham City Council Planning Department on .

Services
We are advised all main services are connected to include gas, electric and water.

Mason Young Property Consultants has not checked and does not accept responsibility for any of the services within this property and would suggest that any in-going tenant or occupier satisfies themselves in this regard.

Energy performance certificates
Details available upon request.

Tenure/rent
The Freehold interest is available at a quoting price of £295,000, subject to contract.

We have been informed that the property has a current income of £22,500 per annum exclusive. Further details available upon request.

Business rates
The property is currently listed within the 2017 rating listing as have a rateable value of £5,400. Rates payable will be in the region of £2,694.60 per annum.

Interested parties are advised to make their own enquiries to Birmingham City Council on .

Money laundering
The money laundering regulations require identification checks are undertaken for all parties purchasing. Before a business relationship can be formed, we will request proof of identification for the purchasing entity.

VAT
We understand that the property is not elected for VAT.

Legal costs
Each party to be responsible for their own legal costs incurred during this transaction.

Viewing
Strictly by prior appointment with sole agents, Mason Young Property Consultants.

Categories

High Street Retail Property
Property reference
CP3DC3A6_226