1192 Warwick Road, Acocks Green,Birmingham
£233.33 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,000 sq ft
279 sq m
- SECTOR
High street retail property for sale
Key features
- Freehold Investment - Mixed Residential & Commercial
- The premises are prominently located in the centre of Acocks Green
- Ground floor let to Ladbrokes trading as Coral Bookmakers.
- 4 self-contained residential flats which are to a very high standard
- Total Rental Income £55,400 PA
Description
The premises are prominently located in the centre of Acocks Green on the corner of Woodberry Walk, directly opposite ALDI & FARMFOODS.
DESCRIPTION
The investment comprises a ground floor property which is let to Coral Bookmakers. Above there are 4 self-contained residential flats which were completed in 2015. The residential accommodation is to a very high standard and includes double glazing throughout, gas central heating etc. There are 4 car parking spaces to the rear for the flats. The flats are licenced with Birmingham City Council.
02 have a unit in the rear car park and masts on the rear of the building.
PRICE
Offers in excess of £700,000 are invited.
VAT
We understand that VAT is not payable on the purchase price, however, interested parties are advised to make their own enquiries.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.
INCOME
Ground Floor Premises
The premises are let to Ladbrokes Betting & Gaming Ltd, trading as Coral on a 10-year lease from 30.11.2020, subject to a tenant break and rent review on 30.11.2025.
The current rent of £11,200pa.
The Rateable Value is £14,000. Please contact the Local Authority for further information.
Floor Area from Rating Assessment 99.5 sq m/1071 sq ft.
A copy of the EPC will be available shortly.
Residential
All the flats are managed and let on AST's.
Flat One - 2 Bed - £775 pcm
Flat Two - Studio - £700 pcm
Flat Three - 2 Bed - £800 pcm
Flat Four - Studio - £700 pcm
02 Masts
10-year agreement from November 2016 at £8,500 pa.
Total Rental Income £55,400.
ENERGY PERFORMANCE CERTIFICATES
Copies of the certificates are available upon request.
Flat One - 2 Bed - The property has a rating of 83 (Band B).
Flat Two - Studio - The property has a rating of 81 (Band B).
Flat Three - 2 Bed - The property has a rating of 79 (Band C).
Flat Four - Studio - The property has a rating of 78 (Band C).
Brochures
1192 Warwick Road, Acocks Green,Birmingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Acocks Green Station0.3 miles
- Olton Station0.7 miles
- Spring Road Station0.8 miles
About AMT Commercial, Worcestershire
Clarendon House 14 St. Andrews Street, Droitwich, WR9 8DY
Based in the Midlands, AMT Commercial offers a bespoke property service to landlords, occupiers and investors on all aspects of retail property throughout the UK.
AMT Commercial was established by Andrew Thompson BSc, FRICS who has extensive knowledge and experience in the property industry, joining the profession in 1978.
Andrew previously owned Andrew Thompson and Co. which was established in 1986 and traded until 2015 when it was sold to one of the leading Worcestershire Agents
Notes
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