712 - 716 Chester Road, Erdington, Birmingham, West Midlands, B23 5TE
- SIZE
Ask agent
- SECTOR
Commercial property for sale
Key features
- Freehold Retail and Residential investment opportunity
- Fully let producing £60,000 per annum
- Prominent main road location
- Comprises 3 Retail shops and separate residential accommodation above
- Offers based on £750,000
Description
Offers in the region of £750,000 are sought for the Freehold interest, subject to the existing tenancies.
Freehold Investment Opportunity
The properties comprise 3 ground floor retail shops with separate residential accommodation above .
Accommodation
712 Chester Road Ground floor shop extending to approximately 870 sq. ft. with a self contained 1 bedroom flat above.
714 Chester Road Ground floor shop extending to approximately 568 sq. ft. with a self contained 2 bedroom flat above.
716 Chester Road - Ground floor shop extending to approximately 704 sq. ft. with a self contained 2 bedroom flat above.
Please note we have not inspected the residential accommodation and purchasers should verify the exact layout themselves prior to purchase.
Location
The properties form party of a prominent parade of retail shops at the main junction of the A452 Chester Road and the A5127 Sutton Road in Erdington and lies adjacent to McDonalds.
Erdington lies approx. 4.5 miles north-east of Birmingham city centre and benefits from excellent road links. Important roads that access the area include A38 (Birmingham to Derby road), A5127 (Gravelly Hill) and the A47 Spine Road. The M6 motorway forms the southern border of the district, with connections at Junction 6 (Gravelly Hill Interchange). There is a well-established network of bus routes through Erdington with connections to Birmingham city centre and Sutton Coldfield.. The properties are located within walking distance of Chester Road railway Station.
Tenure
Freehold, subject to the existing tenancies.
Tenancy
712 Chester Road
Ground Floor Tenant - Roofa Miah T/A Balti Hut Takeaway
Lease Term - 25 years from 14/04/2014
Annual Rent - £16,000
First Floor - Residential
Lease Term - AST
Annual Rent - £6,000
714 Chester Road
Ground Floor Tenant - Tariq Mahmood T/A Express Wines
Lease Term - 25 years from 25/03/2003
Annual Rent - £13,000
First Floor - Residential
Lease Term - AST
Annual Rent - £6,000
716 Chester Road
Ground Floor Tenant - Alfat Hussain T/A Tasty Pizza
Lease Term - 20 years from 30/11/2016
Annual Rent - £13,000
First Floor - Residential
Lease Term - AST
Annual Rent - £6,000
Total Annual Rent - £60,000.
VAT
We are advised that VAT is not applicable. However, if VAT is payable, then it is anticipated that the sale will be dealt with by way of a TOGC.
EPC
Available upon request.
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
Brochures
712 - 716 Chester Road, Erdington, Birmingham, West Midlands, B23 5TE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chester Road Station0.1 miles
- Erdington Station0.5 miles
- Wylde Green Station0.9 miles
Bond Wolfe is a multi-disciplined property business specialising in property Auctions and property Agency with our head office based in Birmingham. Many of our highly experienced and dedicated team have been with the business for over 30 years.
We are truly proud of our Midlands roots and honoured to have represented the region since 1983. We also act for many clients across the UK and overseas too. Bond Wolfe has a great track record of selling, letting and managing property up and dow
Notes
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