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COMMERCIAL

1273 Bristol Road South, Northfield, Birmingham, West Midlands, B31 2SP

Guide Price
£360,000
Cottons, Auctions
PROPERTY TYPE
Restaurant
BEDROOMS
×2

Key features

  • Freehold Investment - Takeaway, Storage Unit and Two Bedroom Flat

Property description

Tenure: Freehold

Guide Price = £330,000 - £360,000

Property for auction on 28th October at 15:00 at Online Auction with Bidding by Internet, Telephone and Proxy

Property Description:
A valuable Investment opportunity comprising of a ground floor takeaway with customer seating, a storage unit located to the rear and a large two bedroom flat located to the first and second floors. The property forms part of a busy retail parade containing a range of local shops including Select & Save and One Stop stores, set back from the busy Bristol Road South (A38) behind a tarmacadamed forecourt. The parade is situated close to the Junction with Bodenham Road and the property is surrounded by a dense residential catchment area. Both Northfield and Longbridge Town Centres are within less than one mile from the property.

Tenancy Information:
The whole premises is let to one tenant on separate leases, as follows:
Ground Floor Takeaway: Let on a lease for 15 years from 22nd December 2014, with three year rent reviews, at a current rental of £15,000 per annum.
Rear Storage Unit: Let on a lease for 10 years from 1st November 2018 at a rental of £10,000 per annum.
Flat 1273A: Let on an Assured Shorthold Tenancy from 15th January 2021 at a rental of £650 per calendar month (£7,800 per annum).
Total Rental Income: £32,800 per annum.

Accommodation:
Ground Floor
Takeaway Premises:
Retail Area: 55.87 sq m (601 sq ft), with roller shutter front, customer seating area, servery and kitchen, Preparation Room: 17.82 sq m (191 sq ft), Refrigerated Room: 4.41 sq m (47 sq ft), Lobby,

Toilet, Refrigerated Rear Store: 11.87 sq m (127 sq ft), Rear Store: 12.58 sq m (135 sq ft) and passageway to rear yard.

Workshop:
Accessed from a right of way over a rear driveway leading off Bodenham Road, Three Rooms: 31.24 sq m (336 sq ft).
Flat 1273A: External rear stairs to:
First Floor
Reception Hall, Bathroom: with bath, vanity wash basin and wc, Kitchen: 3.85m x 2.55m with a range of units, full width Lounge/Dining Room: 6.13m x 4.22m (originally a lounge and third bedroom).
Second Floor
Stairs and Landing, Bedroom One (Double): 4.3m x 3.78m (max.), Bedroom Two (Double): 4.31m x 2.51m, Shower Room: 1.92m x 1.69m (max.), with glazed shower enclosure, vanity wash basin and wc.
Outside:
Front: Tarmacadamed forecourt.
Rear: Yard area providing off-road car parking.

Legal Docs: Available at
Viewings: Via Cottons -

Brochures

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Energy Performance Certificates

EPC 1

1273 Bristol Road South, Northfield, Birmingham, West Midlands, B31 2SP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Longbridge Station0.5 miles
  • Northfield Station0.8 miles
  • Kings Norton Station2.2 miles

About the agent

Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

Cottons Chartered Surveyors – ‘The Property Specialists’

One of Birmingham’s longest standing property companies in existence for well in excess of 55 years and well established at providing a range of services including;

•Auctions – Cottons are one of the West Midlands largest property auctioneers with regular sale rooms taking place at Aston Villa Football Club.

•Residential Sales – Selling properties both within our local areas and across Birmingham. By being the only auc

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Notes

These notes are private, only you can see them.

Disclaimer - Property reference 152827. 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 Cottons, Auctions. 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.

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 396 0665.

*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.”

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