1545 Pershore Road, Stirchley, B30 2JH

GROUND FLOOR TAKEAWAY RENTAL INCOME £13,200 PAX RETAIL SALES AREA 34.5 SQ. M / 372 SQ. FT (APPROX) REAR ACCESS TO A FIRST FLOOR 2 BED FLAT APPROX. 34.5 SQ. M / 372 SQ. FT BUSY MAIN ROAD FRONTAGE

Location

The property is situated in Stirchley - a district to the south west of Birmingham with its principal access being the Pershore Road (A441) which connects to the A38 Bristol Road in turn to the A38(M) Aston Expressway

The property fronts onto a busy section of Pershore Road forming part of an established retail parade of similar style retail units.

Accommodation

The property comprises a two storey mid-terraced retail unit with a self-contained two bedroom flat separately accessed from the rear.

A ground floor self-contained takeaway let and trading as 'Balti Bites' currently fitted out to include laminated floors, wall papered walls, uplighters including decorative lighting, glazed shop front doors and windows and air conditioning.

The first floor is fitted out to provide a two bedroom self-contained residential flat in good decorative order. The flat is tenanted and is accessed separately from the rear.

The property has the benefit of shared pedestrian access from the rear of the property which also gives access to the first floor flat.

The property in the main is of brick elevations built below a pitched roof with a small single storey rear extension built below a flat roof.

The property in its entirety is let to Mr Zaman by way of a FRI lease dated 29 March 2015 for a term of 15 years (approx. 11 years unexpired) at a current passing rent of £13,200 pax.

The lease is subject to 3 yearly upwards only rent reviews with the next review in 2021.

Terms

The property in its entirety is let to Mr Zaman by way of a FRI lease dated 29 March 2015 for a term of 15 years (approx. 11 years unexpired) at a current passing rent of £13,200 pax.

The lease is subject to 3 yearly upwards only rent reviews with the next review in 2021.

PRICE

The freehold interest subject to the lease is available as an investment at offers above £225,000. The property is to be sold subject to the lease.

Rateable value

The Valuation Office Agency (VOA) website states that the property is assessed in the 2017 Rating List as follows:

Shop and Premises: RV £4,500

Council Tax: Band A

Services

We understand all mains services including gas, electricity, water and drainage are connected to the property.

The agents have not tested the services and prospective purchasers are advised to make their own enquiries regarding the adequacy and condition of these installations.

Planning

Viewings

Email Costs

Each party to pay their own legal and other costs during the transaction.

A pre-contract non-refundable deposit may be required before solicitors can be instructed.

VAT

All figures quoted are exclusive of VAT which will be added as required.

Additional Information

The ground floor has an asset rating of 'C' and the flat has an EP rating of D. Certificate copies can be provided on request

Misdescription act

CONDITIONS UNDER WHICH THESE PARTICULARS ARE ISSUED:

Chivers Commercial for themselves and for vendors or lessors of this property whose agents they are give notice that:

(i) the particulars are set out as a general outline only for guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract;

(ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

(iii) no person in the employment of Chivers Commercial has any authority to make or give any representation or warranty whatever in relation to this property.