953 & 973 Alcester Road South, Birmingham
Business rates & charges may apply
- SIZE
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- SECTOR
Mixed use property for sale
Key features
- High Yielding Mixed-Use Investment
- Ground Floor Convenience Store
- Three Bedroom Maisonette to Upper Parts
- Retail Unit Let on Five Year Lease Expiring 29.04.2029
- Maisonette Let on an AST Expiring 31.09.2026
- Forms Part of a Popular Local Parade
- VAT-Free Investment
- Investment Let at £28,660 p.a. (12% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with a separately accessed three bedroom maisonette to the upper parts, the property is fully let to two tenants producing a total rent of £28,660 per annum.
The ground floor is let to a tenant trading as the Maypole Express convenience store on a five year lease expiring 29.04.2029 and paying £18,000 per annum.
The upper parts are let to an Assured Shorthold Tenancy (AST) expiring 31.09.2026 and paying £10,660 per annum.
The property occupies a prominent position in the centre of a popular local parade anchored by an Iceland Supermarket. Other national occupiers on the street include Betfred, Greggs and Aldi.
Brochures
953 & 973 Alcester Road South, Birmingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Whitlock's End Station1.8 miles
- Yardley Wood Station1.8 miles
- Shirley Station1.8 miles
Notes
Disclaimer - Property reference 4E127C7F-3DD9-495D-BEB7-6B1916EA7C40. 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 Savills, Savills Auctions- Commercial. 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.
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