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1242, Coventry Road, Birmingham, B25 8BJ

An end of terrace property comprising a ground floor retail unit with two bedroom flat above. The current passing rent is £14,550 ...
Location: 1242 Coventry Road, B25 8BJ
Property type: Flat, General Retail, Residential, Retail
Tenure type: For Sale Freehold, For Sale Leasehold
Tenancy type: Investment
** UNSOLD – AVAILABLE AT £155,000 **


Location
The property is located fronting A45 / Coventry Road on the corner of Flora Road, in a small parade of shops in an established location. There are a number of amenities within walking distance including a Holiday Inn express Hotel whilst Birmingham City Centre is within easy travelling distance, approximately 7 miles to the North.

Description
An end of terrace property comprising a ground floor retail unit with two bedroom flat above. The current passing rent is £14,550 per annum.

Accommodation
The auctioneers have not inspected the property internally although the VOA office states that the ground floor retail unit measures approximately 38.1m2 / 410 square feet. The vendors agent has confirmed that the flat has accommodation split over first and second floors. Prospective purchasers are advised to make their own enquiries.
Tenancy
The ground floor is let by way of a 15 year lease from 16 November 2017 at a rent of £9,750 per annum. The upper floors are let by way of an AST agreement dated 13th June 2013 at a rent of £4,800 per annum (£400 pcm). The gable end hoarding are let on a 999 year lease dated 13th June 1997 at a peppercorn rent.

General
1. Completion to take place on 21st May 2019.

2. We are informed that the vendor has made a VAT election and VAT therefore will be payable.

Addendum
Completion to take place on 21st May 2019. VAT is applicable. The gable end and hoarding is let on a 999 year lease from 13/6/1997.
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