Commercial Property for sale

267, Londonderry Road, OLDBURY, West Midlands

Sold STC £169,950

Property Description

Key features

  • RETAIL UNIT WITH FLAT ABOVE
  • POTENTIAL TO EXTEND & SUBDIVIDE
  • LARGE REAR GARDEN
  • EXCELLENT RENTAL GROWTH POTENTIAL
  • FREEHOLD
  • ESTABLISHED LOCATION

Full description

Tenure: Freehold

RETAIL / RESIDENTIAL PROPERTY FOR SALE - Offers based on £169,950 - Current Income £12,000 PA EXC

LOCATION
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.

DESCRIPTION
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.

ACCOMMODATION
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.

TENURE
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.

ASKING PRICE
Offers in the region of £169,950 subject to contract only.

PLANNING
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.

LEGAL COSTS
Each party will be responsible for all their own costs in respect of this transaction.

VAT
VAT is not payable on the purchase.

FIXTURE AND FITTINGS
The property is to be sold as seen.

VIEWING
Strictly by appointment with the Agents on 01384 397 797.
________________________________________________
GENERAL TERMS
VAT
VAT maybe levied on the purchase price / rentals or other outgoings
Services
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.
References
The successful purchaser will need to provide either a satisfactory bank reference
and / or two trade references for approval.
Money Laundering
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

More information from this agent

Nearest stations

  • Langley Green (0.7 mi)
  • Smethwick Rolfe Street (1.0 mi)
  • Smethwick Galton Bridge (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 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

  • Langley Green (0.7 mi)
  • Smethwick Rolfe Street (1.0 mi)
  • Smethwick Galton Bridge (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Walton & Hipkiss, Stourbridge - Commercial

Hagley Road, Stourbridge, DY8 1QH

01384 737039 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 4232971. 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 Walton & Hipkiss, Stourbridge - Commercial. 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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