MIXED USE INVESTMENT

Situated on the busy main Black Heath High Street, this mixed use investment property comprises of a ground floor retail unit currently trading as Taste of Himalayan which is a hot food restaurant with take out service, whilst at first floor level is a self contained flat. The premises offers a good investment opportunity with income of £11,400.00 per annum with a yield in excess of 8% based upon guide. A rent review in November 2025 will increase the yield still further. The property has not been inspected by the Auctioneer but is believed to comprise :

Tenure

Freehold

Ground Floor

Restaurant Area, Servery, Kitchen/Prep Room, W.C.. This is let on a Lease commencing 25/10/22 at a rent of £7,800.00 per annum. A rent review is due on 1st November 2025 where the rent will increase to £9,000 .00per annum.

First Floor Flat

Believed to comprise: Lounge/Bedroom, Shower Room, Kitchen. Let on an Assured Shorthold Tenancy from 3/12/2017 at £300.00 per calendar month.

Energy Efficiency Rating (EPC)

Current Rating Flat E and Shop C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Sandwell Metropolitan Borough Council

Additional Fees

Buyer's Premium - 1% plus vat

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.