High Street Retail Property for sale

189 High Street, Birmingham B23


£425,000
2,517 ft²

Features

  • Investment property
  • Main Road Frontage
  • Mixed use
  • Self-Contained

Description

Location

The property is located on the High Street in Erdington. The property can be accessed via the A5127 providing access to the A38 (Aston Expressway) to the south, which in turn provides access to Birmingham City Centre, which is approximately 4.5 miles away. The property is located within a parade of shops providing arrange of uses from takeaways, grocery shops and high street banks to name a few.

Description

The property comprises of a spacious end terraced three storey building offering a self-contained retail unit on the ground floor with a spacious retail area and internal storage area to the rear. Internally the property is open plan in configuration and benefits from a concrete floor, fluorescent strip lighting, power points, a kitchen area and WC facilities. Externally there are electric metal roller shutters to the doors and windows. There are three self-contained flats located within the upper floors which are accessed from the rear. Each flat benefits from a lounge, bedroom, kitchen & bathroom.

Services

We are advised all main services are connected.
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 for sale at a quoting price of £425,000, subject to contract.

Terms

The ground floor retail shop is currently let on a 5-year lease at a passing rent of £13,000 per annum exclusive. The flats are all rented out on 6-month AST's bringing in an additional income of £22,000 per annum exclusive giving a total income of £31,600 per annum exclusive.

Business Rates

The property is currently listed within the 2017 rating listing as having a rateable value of £11,250. Rates payable will be in the region of £5,523.75 per annum respectively. Small business rate relief may apply. Interested parties are advised to make their own enquiries to Birmingham City Council.

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
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Property reference
CP3DC3A6_11