This property is no longer on the market
Mixed use
Property description & features
- Livestream Auction: 14/03/24
- Bidding Registration Required
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 :
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.
Viewing
Unfortunately we are unable to offer any viewings.
Additional Fees
Buyer's Premium - 1% plus vat (minimum £2,400 inc 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.
Council Tax Band: A
Tenure: Freehold
Places of interest
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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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
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