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Freehold Retail Investment Let to Kennedy¿s Mica Hardware & 4 Apartments at 188/190 New Road, Rubery, Worcestershire, B4

Offers in Excess of 1,629 sq. ft. | £550,000

Property Description

Commercial information

  • 1,629 sq ft (151 sq m)

Key features

  • Comprising a double fronted shop and 4 self-contained flats
  • Market rent for apartments are £475 per month
  • Market price for apartments are £70k each
  • Situated within an established neighbourhood shopping parade
  • Total potential rental £43,300
  • Shop tenant in occupation since 1986

Full description

ADDRESS: 188/190 New Road, Rubery, Worcestershire, B45 9JA
* Comprising a double fronted shop and 4 self-contained flats
* Market rent for apartments are £475 per month
* Market price for apartments are £70k each
* Situated within an established neighbourhood shopping parade
* Total potential rental £43,300
* Shop tenant in occupation since 1986
LOCATION
Rubery is a southern suburb of Birmingham situated on the A38 some 8.5 miles south-west of Birmingham city centre. There are good road communications, with Junction 4 of the M5 Motorway being some 2 miles to the south-west.
SITUATION
The property is well located on the south side of New Road and forms part of a larger and established parade of shops.
Occupiers close by include Co-op Food supermarket, Subway, Domino's Pizza, Farmfoods, Lloyds Pharmacy, Greggs and William Hill amongst many others.
DESCRIPTION:
The property is arranged on ground and two upper floors to provide a double fronted ground floor shop with four self-contained flats above, access to which is via a communal rear staircase
ACCOMMODATION :
Ground Floor
188/190 L Horwood t/a Kennedy's Mica Hardware) Ground Floor 1,629 sq ft
(in occupation since 1986
188 - Flat 1 Individual First Floor Flat - 2 Rooms, Kitchen, Bathroom
188 - Flat 2 Individual Second Floor Flat-2 Rooms, Kitchen
Bathroom
190 - Flat 1 Individual First Floor Flat - 2 Rooms, Kitchen, Bathroom
190 - Flat 2 Individual Second Floor Flat-2 Rooms, kitchen , Bathroom

TENANCY:


Ground Floor
188/190 L Horwood t/a Kennedy's Mica Hardware)
(in occupation since 1986) Let for 5 years from 26 September 2016 FRI at current rent of £20,500 p.a.Expiry 25 Sept 2021

188 - Flat 1 Individual First Floor Flat - 2 Rooms, Kitchen, Bathroom Assured Shorthold Tenancy from 26.01.15 at current rent of £3,360 p.a. (Holding Over)-ERV5700 pa
188 - Flat 2 Individual Second Floor Flat-2 Rooms, Kitchen
Bathroom Assured Shorthold Tenancy from 19.01.15 at current rent of £3,360 p.a. (Holding Over) ERV£5700 pa
190 - Flat 1 Individual First Floor Flat - 2 Rooms, Kitchen, Bathroom Assured Shorthold Tenancy from 23.02.10 at current rent of £3,360 p.a. (Holding Over)ERV 5700 pa
190 - Flat 2 Individual Second Floor Flat-2 Rooms, kitchen , Bathroom Assured Shorthold Tenancy from 16.01.07 at current rent of £3,900 p.a. (Holding Over)ERV£5700pa
RENT: £33,480 p.a.-can rise to £43,300 pa TENURE: Freehold VAT IS: Not Applicable
PRICE: Offers in excess of £ 550,000


More information from this agent

Nearest stations

  • Longbridge (1.6 mi)
  • Northfield (2.5 mi)
  • Barnt Green (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 Local call rate

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To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 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

  • Longbridge (1.6 mi)
  • Northfield (2.5 mi)
  • Barnt Green (2.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Suttons, London

100 Pall Mall London SW1Y 5NQ

020 8012 3073 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.

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