Mixed use for sale
Property description & features
- Tenure: Freehold
- Three-bedroom house
- Mixed-use development
- Ground floor retail / takeaway premises
- Property Generating £32,800 Per Annum
The property comprises of a mixed-use commercial investment of traditional masonry construction surmounted by a pitched tiled roof.
The premises consist of a ground floor retail / takeaway premises which has been refurbished to a high standard by the current occupier. It benefits from glazed façade and pedestrian access door, modern collection area and servery with a rear commercial kitchen.
The residential element comprises of a three-bedroom house, which is accessed to the rear of the property via Malthouse Row. Internally it consists of a kitchen, bathroom and three bedrooms.
The property further benefits from an additional one-bedroom annexe with en-suite facilities.
Off-street parking is provided to the front and rear of the property, with additional parking provided locally on street.
Location
The property occupies a prominent retail location on Station Road, Marston Green, just a short walk away from the train station.
The premises are located within a predominantly residential area and benefit from high levels of footfall with Marston Green junior school in close proximity.
Birmingham International train station is located approximately 1.8 miles from the subject property and provides transport links to Birmingham and London.
Terms
Terms
We are inviting offers in the region of £399,950 for the valuable freehold interest, subject to contract.
Tenancy Schedule
The ground floor retail is let on a 10-year lease expiring March 2032 at a passing rental of £20,800 per annum exclusive.
The residential element is let on a three-year AST at a passing rental of £12,000.
VAT
All prices quoted are exclusive of VAT, which we understand is not payable.
Legal Costs
Both parties to bear their own legal and surveyor’s costs incurred during the transaction.
Services
We understand that the property benefits from all mains connections either on, or adjacent to, the subject premises.
The agent has not tested the suitability of connections and recommends that all interested parties carry out their own investigations.
Money Laundering
We require two forms of ID and proof of funding from all potential purchasers to satisfy anti-money laundering regulations.
Energy Performance
Available upon request from the agent.
Viewing
Strictly via the sole agent Siddall Jones.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 192609-1. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Siddall Jones - Birmingham.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on February 3, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 3, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.