Commercial Property for saleTame Road, Witton, Birmingham, B6 7DS
- A Freehold Mixed Use Part Vacant, Part Investment Property Current Rental Income: £6,000 pa Estimated Full Rental Value: £15,000 pa
- We understand that the property is Freehold. The first floor living accommodation is let by way of an Assured Shorthold Tenancy at a current rent of £500 per calendar month (£6,000...
For Sale By Auction on 8th December 2016
A Freehold Mixed Use Part Vacant, Part Investment Property
Current Rental Income: £6,000 pa
Estimated Full Rental Value: £15,000 pa
We understand that the property is Freehold.
The first floor living accommodation is let by way of an Assured Shorthold Tenancy at a current rent of £500 per calendar month (£6,000 per annum).
The ground floor is currently owner occupied and will be available with vacant possession upon completion.
The property comprises a well presented modernised two storey mid terrace of brick construction with an artificial slate roof.
The property is configured to provide a ground floor retail unit currently used as an Off Licence and General Store with storage to the rear and WC. The property has recently been refurbished and includes roller shutter security grills to the front and rear, alarm and CCTV.
On the first floor there is a self contained flat comprising two bedrooms, lounge, kitchen and shower room having gas fired central heating and UPVC double glazed windows. Outside there is an enclosed rear yard and rear surfaced car parking area.
The property is located within a parade of similar local shops in Tame Road just off Brookvale Road, Witton. The area is predominantly residential, mixed with commercial uses and is considered to have an excellent immediate catchment area for its existing use.
* Definition of Guide Prices
The guide price is an indication of the seller’s reserve price and is given to assist prospective purchasers. It is usual, but not always the case, that a provisional reserve is agreed between the seller and the auctioneer at the start of marketing. The guide price can be adjusted by the seller at any time up to the day of the auction in light of the interest shown during the marketing period. The guide price can be shown in the form of a minimum and maximum price range within which an acceptable price (reserve) would fall. Please note the reserve price will not exceed the top end of the guide price but the actual sale price can exceed the guide price. On occasions the sale price does exceed the guide price significantly.
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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 SDL Auctions Bigwood, Birmingham on 0121 233 5046.
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