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1192 Warwick Road, Acocks Green,Birmingham

£725,000

£241.67 per sq ft

Business rates & charges may apply

AMT Commercial, Worcestershire
SIZE AVAILABLE

3,000 sq ft

279 sq m

SECTOR

High street retail property for sale

Key features

  • Freehold Investment - Mixed Residential & Commercial
  • The premises are prominently located in the centre of Acocks Green
  • Ground floor let to Ladbrokes trading as Coral Bookmakers.
  • 4 self-contained residential flats which are to a very high standard
  • Total Rental Income £55,400 PA

Description

LOCATION
The premises are prominently located in the centre of Acocks Green on the corner of Woodberry Walk, directly opposite ALDI & FARMFOODS.

DESCRIPTION
The investment comprises a ground floor property which is let to Coral Bookmakers. Above there are 4 self-contained residential flats which were completed in 2015. The residential accommodation is to a very high standard and includes double glazing throughout, gas central heating etc. There are 4 car parking spaces to the rear for the flats. The flats are licenced with Birmingham City Council.
02 have a unit in the rear car park and masts on the rear of the building.

PRICE
£725,000.

VAT
We understand that VAT is not payable on the purchase price, however, interested parties are advised to make their own enquiries.

LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.

INCOME
Ground Floor Premises
The premises are let to Ladbrokes Betting & Gaming Ltd, trading as Coral on a 10-year lease from 30.11.2020, subject to a rent review on 30.11.2025.
The current rental is £11,200pa.

The Rateable Value is £14,000. Please contact the Local Authority for further information.

Floor Area from Rating Assessment 99.5 sq m/1071 sq ft.

A copy of the EPC will be available shortly.

Residential
All the flats are managed and let on AST's.

Flat One - 2 Bed - £775 pcm

Flat Two - Studio - £700 pcm

Flat Three - 2 Bed - £800 pcm

Flat Four - Studio - £700 pcm

02 Masts
10-year agreement from November 2016 at £8,500 pa.

Total Rental Income £55,400.

ENERGY PERFORMANCE CERTIFICATES
Copies of the certificates are available upon request.

Flat One - 2 Bed - The property has a rating of 83 (Band B).

Flat Two - Studio - The property has a rating of 81 (Band B).

Flat Three - 2 Bed - The property has a rating of 79 (Band C).

Flat Four - Studio - The property has a rating of 78 (Band C).

Brochures

1192 Warwick Road, Acocks Green,Birmingham

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Acocks Green Station0.3 miles
  • Olton Station0.7 miles
  • Spring Road Station0.8 miles

About AMT Commercial, Worcestershire

Clarendon House 14 St. Andrews Street, Droitwich, WR9 8DY

Based in the Midlands, AMT Commercial offers a bespoke property service to landlords, occupiers and investors on all aspects of retail property throughout the UK.

AMT Commercial was established by Andrew Thompson BSc, FRICS who has extensive knowledge and experience in the property industry, joining the profession in 1978.

Andrew previously owned Andrew Thompson and Co. which was established in 1986 and traded until 2015 when it was sold to one of the leading Worcestershire Agents where he was a partner and head of the commercial property department.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference ACOCKSGREENINVESTMENT. 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 AMT Commercial, Worcestershire. 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.

Map data ©OpenStreetMap contributors.

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