Retail Property (out of town) for sale

924 Pershore Road, Selly Park, Birmingham, B29 7PU

1,435 sq. ft. | £200,000

Property Description

Commercial information

  • 1,435 sq ft (133 sq m)
  • Use class orders: A1 Shops

Key features

  • FREEHOLD PREMISES
  • FIRST FLOOR FLAT
  • INCOME PRODUCING
  • VARIETY OF USES (STP)

Full description

Tenure: Freehold

Location
The property is situated fronting the main A441 Pershore Road South in the suburb of Selly Park. The Pershore Road provides direct access between Birmingham City Centre and the southern suburbs of Birmingham - namely Kings Norton, Stirchley, Cotteridge & Redditch. Junction 2 of the M42 is approximately 5 miles to the South.

The property is situated within a densely developed retail and residential environment set within close proximity to a number of other retail units.

Description
The property comprises a mid-terraced three-storey brick building with a pitched roof. Internally the property has been configured to provide a retail unit on the ground floor and a self-contained flat on the first floor accessed via the rear. The retail unit benefits from a tiled floor, suspended ceilings incorporating fluorescent strip lighting, remote controlled electric roller shutter to the front, an alarm, CCTV, a kitchenette and WC facilities. There is also a cellar area accessed from within the property.

The living accommodation on the upper floors consists of a main living area, three bedrooms, a kitchen and shower room. Externally there is a paved garden area at the rear.

Services
We are advised all main services are connected including gas, electricity and water.

Lease
The property is currently let on a 5 year lease with effect from 1st Feb 2016 at a passing rent of 9,000 per annum exclusive, rising to 9,600 pax in Years 2 & 3 and 10,200 in Years 4 & 5. The upper floor flat is currently rented at a passing rent of 6,600 per annum. The total annual income is 15,600 pax.

Tenure/Price
The freehold interest is available for sale, with vacant possession at a quoting price of 200,000, subject to contract.

Business Rates
The property is currently listed within the 2010 rating listing as having a rateable value of 2,800. Rates payable will be in the region of 1,295 per annum. This property is eligible for small business rate relief.

Interested parties are advised to make their own enquiries to Birmingham City Council on 0121 303 5511.

VAT
The property is not elected for VAT.

Legal Costs
Each party to pay their own legal costs incurred in this transaction.

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

More information from this agent

Nearest stations

  • Selly Oak (0.8 mi)
  • Bournville (0.9 mi)
  • University (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Selly Oak (0.8 mi)
  • Bournville (0.9 mi)
  • University (1.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Mason Young Property Consultants, Birmingham

6 Warstone Mews, Warstone Lane, Hockley, Birmingham, B18 6JB

0121 396 0850 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference MYRET037. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mason Young Property Consultants, Birmingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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