Commercial Property for sale267, Londonderry Road, OLDBURY, West Midlands
Sold STC £169,950
- RETAIL UNIT WITH FLAT ABOVE
- POTENTIAL TO EXTEND & SUBDIVIDE
- LARGE REAR GARDEN
- EXCELLENT RENTAL GROWTH POTENTIAL
- ESTABLISHED LOCATION
RETAIL / RESIDENTIAL PROPERTY FOR SALE - Offers based on £169,950 - Current Income £12,000 PA EXC
The property is located on Londonderry Road Langley near Oldbury in a busy neighbourhood shopping area with similar retail uses adjacent and on street car parking.
The property is a substantial and attractive building arranged over two floors with a large rear garden area. The property is subdivided into a well proportioned and well fitted retail unit and a two bedroom flat to the first floor, all self contained.
The property comprises a total ground floor area of 1,170sq ft and has a rateable value of £5,300. The flat has a Council Tax banding of A.
The shop is alarmed with CCTV, air conditioning and electrical roller shutters to the front. The flat consists of 2 bedrooms, bathroom, kitchen and lounge.
The entire property is let for a term of 15 years from 8th March 2010 expiring 7th March 2025 at a passing rental of £12,000 per annum exclusive, the rent is subject to review
every 3 years. The property has the potential to achieve circa £15,000 per annum.
Offers in the region of £169,950 subject to contract only.
The property has existing use as retail with residential. Prospective purchasers should satisfy themselves as to both the existing and intended uses of the property with
Planning Authority - Sandwell Metropolitan Borough Council
BUSINESS RATES & COUNCIL TAX
Tenants are responsible for business rates and council tax and the Purchaser is advised to confirm their rates liability with the local rating authority.
Each party will be responsible for all their own costs in respect of this transaction.
VAT is not payable on the purchase.
FIXTURE AND FITTINGS
The property is to be sold as seen.
Strictly by appointment with the Agents on 01384 397 797.
VAT maybe levied on the purchase price / rentals or other outgoings
The agent has not tested any apparatus, equipment, fixture, fittings or services
and so cannot verify they are in working order or fit for their purpose. The tenant
is advised to obtain verification from their solicitor or surveyor.
The successful purchaser will need to provide either a satisfactory bank reference
and / or two trade references for approval.
The successful tenant will be required to submit proof of identity, in accordance
with money laundering regulations.
Fixtures & Fittings
Any fixtures and fittings not expressly mentioned within these particulars are
excluded from the transaction.
Areas & Dimensions
All areas and dimensions are deemed to be approximate only.
© Walton and Hipkiss
Property ref: 121_1560_4232971
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