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Retail Property (high street) for sale

Bearwood Road, Bearwood, West Midlands, B66

Guide Price 538 sq. ft. | £195,000

Property Description

Commercial information

  • 538 sq ft (49 sq m)

Full description

Freehold Shop And Flat For Sale.

Freehold Shop And Self-Contained Living Accommodation Situated Within The Popular Suburb Of Bearwood In West Midlands Close To Co-Op Supermarket And Bearwood Indoor Market. EPC = D

DESCRIPTION
The premises comprise a ground floor shop together with a self-contained three bedroomed flat, both of which are currently let

ACCOMMODATION
Approximate internal dimensions and areas are detailed below:-

Ground Floor Shop
Net Sales Area 500 sq ft 46 sq m

Self-Contained Living Accommodation
First Floor - Bedroom, lounge, kitchen and bathroom
Second Floor - Two bedrooms
The living accommodation has double glazing throughout and gas central heating.

TENURE
Freehold

LEASES
The ground floor shop is let on a 3 year lease to expire 31 July 2018 at a rental of £6,000 per annum.
The upper floor living accommodation is let on an Assured Shorthold Tenancy for 12 months from September 2016 at a rental of £600 pcm.
Copies of the leases are available upon request.

RATING ASSESSMENT
The ground floor retail unit has a Rateable Value of £10,500 and Rates Payable of £5,219.
The upper floor living accommodation is assessed as Council Tax Band A.
Interested parties are advised to make their own enquiries directly with the Local Authority.

ENERGY PERFORMANCE CERTIFICATE
The ground floor shop has a rating of 88 (Band D).
The upper floor living accommodation has a rating of 48 (Band E)
Copies of the Energy Performance Certificates are available upon request.

LEGAL COSTS
Each party are to be responsible for their own legal costs incurred in this transaction.

VAT
We understand that VAT is payable on the purchase price. However, interested parties are required to make their own enquiries.

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.

VIEWINGS
Strictly by prior appointment with Andrew Grant Commercial on
0330 024 3000.


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