Chester Road, Birmingham, B23

Description
Semi-commercial investment opportunity featuring 3 fully let commercial units with 3 residential flats positioned directly above, generating a gross annual income of £69,000.

Details:
Type: Mixed-Use – 3 Commercial Units with 3 Self-Contained Flats Above
Income: £69,000 per annum
Location: Chester Road, Erdington, Birmingham

There is a service area to the back of each unit and free off-road parking to the front.

Tenancy Information
Balti Hut - 712 Chester Road - £16,000 p/a with 14 years remaining on lease
Chester Wines - 714 Chester Road - £14,000 p/a with 15 years remaining on lease
Tasty Pizza. - 716 Chester Road - £15,000 p/a with 16 years remaining on lease

The three self contained flats are under a single company let agreement, generating £2000 per calendar month. The forthcoming Renters Right Bill would not apply to this tenancy agreement.

Dimensions
Balti Hut - 94 Square Meters
Express Wines - 90 Square Meters
Tasty Pizza - 90 Square Meters

Flat - 22 Square Meters (1 Bedroom, 1 Kitchen, 1 Reception and 1 Bathroom)
Flat - 83 Square Meters (3 Bedrooms, 1 Kitchen, 1 Reception and 1 Bathroom)
Flat - 74 Square Meters (2 Bedrooms, 1 Kitchen, 1 Reception and 1 Bathroom)

Tenure
This property is believed to be a freehold.

VAT
It is believed that VAT is not payable.

Services
None of the appliances and/or services have been tested and we advise any incoming buyer(s) to conduct their own assessments or tests.

Legal Costs
Each party is liable for their own legal and conveyancing costs.

Buyer Fees
Buyer fees are payable following the acceptance of an offer at 1% plus VAT.

EPC
See attachments

Anti-Money Laundering
To comply with the Anti Money Laundering Regulations 2017, all clients and parties will be asked to verify their identify and address. For limited companies, this applies to all directors and shareholders that hold more than 25% ownership.

Disclaimer
Although we have made every effort to ensure the information in this brochure is accurate, we encourage all interested parties to verify the details, including the description and floorplan, through inspection or other means. Any fixtures and fittings mentioned should be considered excluded from the sale unless explicitly stated. We have not tested any appliances or services and cannot guarantee their functionality.