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Retail Property (high street) for sale

Church Road, Yardley, Birmingham, West Midlands, B25 8UR

Guide Price* £170,000

Property Description

Key features

  • Freehold Retail/Office Investment (Rental Income: £17,800 pa)

Full description

Tenure: Freehold

Guide Price = £150,000 - £170,000

Property for auction on 1st December at 11:00 Property Description:
An attractive investment opportunity comprising a double fronted premises of two storey brick construction surmounted by a pitched slate clad roof and having been substantially extended to the rear. The property contains a ground floor retail shop with a well presented self contained office premises over and the offices benefit from UPVC double glazed windows, gas fired central heating and direct access of Church Road.
The property is set back from Church Road behind a tarmacadam forecourt and forms part of the busy Yardley Shopping Centre serving the surrounding predominantly residential catchment area.

Lease Information
179 Church Road
Ground Floor Retail Shop: Let to Sense; The National Deaf, Blind and Rubella Association who have been in occupation for several years on a current lease for a term of 12 years from 25th June 2005 at a rent of £13,000 per annum.
181 Church Road
First Floor Offices: Let to Debt Relief Solutions on a lease for a term of 5 years from 1st August 2013 at a rental of £4,800 per annum
Total Rental Income: £17,800 per annum

Accommodation:
179 Church Road
Ground Floor
Retail Shop: 63sq.mtrs (679sq.ft) with changing room, Kitchen: 6.31sq.mtrs (68sq.ft), Middle Store Room: 24.93sq.mtrs (268sq.ft), Rear Store Room: 10.59sq.mtrs (114sq.ft), Rear Entrance Hall, WC and store cupboard


181 Church Road
Ground Floor
Private Entrance directly off Church Road
First Floor
Stairs to Reception Office 16.06sq.mtrs (172sq.ft), Office One: 10.78sq.mtrs (116sq.ft), Office Two: 11.76sq.mtrs (126sq.ft), Office Three/Board Room: 15.94sq.mtrs (171sq.ft), Kitchen/Store Room, Lobby and Cloak Room with wash basin and wc

Outside:
Front: Tarmacadam forecourt
Rear: Yard, concrete store and garden

Viewings:
Via Cottons 0121 247 2233

Legal Documents:
Available at www.cottons.co.uk


Energy Performance Certificates (EPCs)

Map & Street View

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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cottons, Auctions on 0121 247 2233.


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