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6 bedroom commercial property for sale

Coventry Road, Yardley, Birmingham, B25 8BZ

Guide Price* £360,000

Property Description

Key features

  • Freehold Investment (Retail Unit and Four Flats)

Full description

Tenure: Freehold

Guide Price = £330,000 - £360,000

4

Property for auction on 1st December at 11:00 Property Description:
A substantial two storey detached property of brick construction surmounted by a tiled roof and occupying a corner position with the junction of Flora Road. The property comprises of a full width ground floor retail unit with four separate self contained flats accessed via the rear of the property. All of the flats are separately metered with three out of the four having UPVC double glazing and electric heating. The property is fully let producing a rental of £27,600 per annum and a Schedule of Tenancies are detailed below

Schedule of Tenancies
Ground Floor Retail Unit
Let producing a rental of £9,600 per annum
Flat 1234
Let on a Regulated Tenancy producing a rental of £280 pcm (£3,360 per annum)
Flat 1236a
Let on a Assured Shorthold Tenancy Agreement producing a rental of £400 pcm (£4,800 per annum)
Flat 1236b
Let on a Assured Shorthold Tenancy Agreement producing a rental of £400 pcm (£4,800 per annum)
Flat 1238
Let on a Assured Shorthold Tenancy Agreement producing a rental of £420 pcm (£5,040 per annum)
Total Rental Income - £27,600 per annum

Accommodation
Ground Floor Retail Unit
Open plan Retail Unit 114.93 mtr.sq (1,237 sq.ft), WC,



Flat rear of 1234
Ground Floor
Kitchen, Lounge, Stairs to
First Floor
Three Bedrooms and Bathroom
Outside:
Rear Private Lawned garden
Flat 1236 a - Ground Floor
Having Entrance Hallway, Kitchen, Lounge, Bedroom and Bathroom with panelled bath, wash basin and WC
Flat 1236 b - First Floor
Having Entrance Hallway, Kitchen, Lounge, Bedroom and Bathroom with panelled bath, wash basin and WC
Flat 1238- First Floor
Having Entrance Hallway, Kitchen, Lounge, Bedroom and Bathroom with panelled bath, wash basin and WC
Rear Enclosed yard

Legal Documents Available at www.cottons.co.uk
Viewings Via Cottons 0121 247 2233


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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