A Mixed Use Commercial Investment Opportunity

This commercial/residential investment opportunity comprises three retail units and two duplex flats with a current income of £24,900 per annum from the four let units with the potential of further income of the remaining commercial unit, which is currently vacant.

Tenure

Freehold

23 Acfold Road

Know as The Off Licence - let on a three year lease from 1st November 2015 at an annual rent of £5,400.

25 Acfold Road

Currently trading as a Beautician shop let on a five year lease from 1st September 2017 at an annual rent of £5,400

25a Acfold Road

First Floor Duplex Flat - let on an Assured Shorthold Tenancy for six months from 1st February 2018 at £600 PCM

23a Acfold Road

First Floor Duplex Flat - which we are advised has just been let on a six month Assured Shorthold Tenancy at £575 PCM (details of Tenancy Agreement to follow)

Former Shock Cuts (Ground Floor Retail Unit)

Currently Vacant

Buyers Premium

A Buyers Premium of £1,833.00 plus vat (£2,200.00 inc vat) will be charged for this lot in addition to an Administration Fee of £750.00 plus vat (£900.00 inc vat)

Viewing

There will be no viewings for this lot

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Birmingham City Council

Solicitors

Butterworths Solicitors, 3 Walker Terrace, Gateshead, Tyne + Wear, NE8 1EB, Tel: 01914821152

Additional Fees

Administration Charge - £714 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.