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Residential properties for auction in Kingstanding, West Midlands

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New
A Vacant Freehold Mid Terraced Property

Property Description
A mid terraced property standing back from the road behind a foregarden.

Ground Floor
Hall, Reception Room with Understairs Store,

First Floor
Landing with Store, Two Bedrooms, Bathroom/WC.

Outside
Gardens.

The property benefits from having a gas fired central heating system and the majority of the windows are UPVC double glazed units, however the property is in need of refurbishment works.

Tenure
We understand the property is Freehold and vacant possession will be given upon completion.

Viewings
See viewing schedule.

Tenure
Freehold. Vacant possession upon completion.

Viewing Schedule
9 October 14:45 - 15:05
11 October 10:45 - 11:05
16 October 14:45 - 15:05
18 October 10:45 - 11:05
23 October 14:45 - 15:05
96, Parkeston Crescent, Birmingham, B44 0PE
A Vacant Freehold Mid Terraced Property
Type: House, Residential
Location: 96 Parkeston Crescent, B44 0PE
Images: 8
Brochures: 1
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New
Freehold Mixed Use Investment with Excellent Asset Management Potential - Gross Rent Passing: £31,680 p.a.x. - Recently extended and refurbished throughout

Property Description
The property comprises a fully let, two storey mixed use investment property with lower ground storage, restaurant to ground floor and residential apartment to first floor level.

The lower ground is accessed via the rear of the property and currently utilised for storage. It provides clear and open storage space with two car parking spaces and is secured by way of electric roller shutter.

The ground floor restaurant benefits from a large glazed frontage with electric roller shutter, customer and staff WCs, commercially fitted kitchen with ancillary office and external courtyard to the rear. There are two off road car parking spaces to the front elevation.

The first floor apartment provides two bedrooms, lounge, fitted kitchen and bathroom. The apartment is centrally heated and double glazed.

Gross rent passing of £31,680 p.a. (including estimated Feed-In Tariff income).

In December 2016 a 10.66 kW Photovoltaic system was installed generating additional electricity income of approx. £5,400 p.a., supplementing the income receivable from the property. We understand there are approx. 23 years unexpired on the panels and Feed-in Tariff contract. Further details are included within the Marketing Pack.

Location
The property is situated in a prominent position on Hawthorn Road on the outskirts of Sutton Coldfield. Part of a busy retail parade approx. 4 miles south-west of Sutton Coldfield town centre and 4.5 miles north of Birmingham City Centre.

Local occupiers include Aldi, Tesco, Coop, The Post Office, Greggs and Lloyds Pharmacy.

Tenure
We understand the property is held Freehold and is being sold subject to the existing tenancies as highlighted on the Tenancy Schedule.

Tenancy Details
See Marketing Pack on https://gva.app.box.com/s/l5e43nrupiertqqjlmupwp4ne596ppik

Planning
We understand the property has planning consent for its existing uses. Interested parties should rely on their own enquiries with Birmingham City Council.

Services
A new electrical system was installed in 2013 along with a new fire detection system. We understand that all mains services are available, however these services have not been tested. Interested parties should rely on their own enquiries.

Value Added Tax
We are advised that VAT will not be chargeable on this transaction.

All pre-auction offers will be considered. If a satisfactory offer is received and exchange of contracts (by way of auction contract) takes place prior to the 24th October 2018, then the property will be immediately withdrawn from the auction.
Viewings
Strictly by arrangement with the Auctioneers.

In Partnership with
GVA

Tenure
Freehold. Commercial investment.
122 & 122a, Hawthorn Road, Birmingham, B44 8PX
Freehold Mixed Use Investment with Excellent Asset Management Potential - Gross Rent Passing: £31,680 p.a.x. - Recently extended a...
Type: Flat, Restaurant/Cafes, Office, Mixed Use, Residential, Offices, Other Property Types & Opportunities
Location: 122 & 122a Hawthorn Road, Birmingham, B44 8PX
Images: 11
Brochures: 1
View Property
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