Guide Price = £1,550,000 - £1,600,000 (+20% VAT on Non Residential Parts)

Freehold/Leasehold Mixed Use Investment Opportunity - Rental Income £235,420 p.a.

Property for auction on 27th March at 13:00at Avery Fields, 79 Sandon Rd, Birmingham B17 8DT - Public Auction including Live Stream & Telephone Bidding.

Accommodation:
Public House (69 Market Street) trading as The Heddin's Ford comprising Bar, with Wash Room and Toilets: 77.69 sq.ms (836 sq.ft), Beer Cellar: 23.4 sq.ms (217 sq.ft). Rent £5,000 p.a.

Apartments (69 Market Street) with communal Laundry Room and secure Car Parking comprising:
Apartment 1: Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 2: One Bedroom. Rent £5,700 p.a.
Apartment 3: One Bedroom. Rent £5,400 p.a.
Apartment 4: One Bedroom. Rent £5,400 p.a.
Apartment 5: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,700 p.a.
Note: Only Apartments 1 & 5 have been inspected. The Rents are inclusive of water rates and shared facilities.

The Lightworks
Ground Floor Retail Units
Units 1-3 : Caf premises: 82.5 sq.ms (767 sq.ft). Rent £11,500 p.a.

Units 4-6 : Shooting Supply and Country Wear Store: 74 sq.ms (797 sq.ft). Rent £9,600 p,a,
Units 7-10 : Knitting and Haberdashery Shop: 105 sq.ms (1138 sq.ft). Rent £10,400 p.a.
Unit 11: Beauty and Foot Clinic: 17.74 sq.ms (191 sq.ft). Rent £3,240 p.a.
Unit 12: Darts Supplies: 16.81 sq.ms (181 sq.ft). Rent £3,380 p.a.
Units 14-15: Care Providers: 39.8 sq.ms (429 sq.ft). Rent £6,360 p.a.
Units 16-17: Tattoo Artist: 50.35 sq.ms (542 sq.ft) Rent £6,000 p.a.
Units 18-19: 67.1 sq.ms (723 sq.ft) Vacant
Unit 20: 24.1 sq.ms (260 sq.ft). Vacant
Unit 21: Ladies Clothing Shop: 58.15 sq.ms (626 sq.ft). Rent £6,000 p.a.
Units 22-23: Hair Salon: 50.1 sq.ms (540 sq.ft). Rent £5,400 p.a.
Unit 24 & 25: Hippy Products Candles, Gifts & Clothing: 65 sq.ms (704 sq.ft). Rent £6,000 p.a.
Units 26 & 27: Furniture and Ornaments: 61.4 sq.ms (661 sq.ft). Rent £6,500 p.a.
Unit 28: Restaurant Premises: 94.75 sq.ms (1020 sq.ft). Rent £10,000 p.a.

Office Suites
Suite 1: 13.19 sq.ms (142 sq.ft). Rent £2,400 p.a.
Suite 2: 28.49 sq.ms (306 sq.ft). Rent £2,400 p.a.
Suite 3: 7.58 sq.ms (81 sq.ft). Rent £2,400 p.a.
Suite 4: 23.01 sq.ms (247 sq.ft). Rent £1,500 p.a.
Suites 5/6: 86.64 sq.ms (932 sq.ft).Rent £6,000 p.a.
Note: All Commercial rents are exclusive of VAT & Service Charge.

The Lighthouse Loft Apartments
Communal Side Access with Door Entry System, Internal Stairs and Landings containing Apartments 1 & 2 and doorway to Roof Terrace with Decked amenity area providing access to Apartments 3 -20.
Apartment 1: One Bedroom. Rent £6,420 p.a.
Apartment 2: One Bedroom. Rent £5,640 p.a.
Apartment 3: One Bedroom. Rent £5,640 p.a.
Apartment 4: One Bedroom. Rent £5,040 p.a.

Apartment 5: One Bedroom. Rent £5,040 p.a.
Apartment 6: One Bedroom. Rent £5,040 p.a.
Apartment 7: One Bedroom. Rent £5,040 p.a.
Apartment 8: One Bedroom. Rent £5,400 p.a.
Apartment 9: One Bedroom. Rent £5,040 p.a.
Apartment 10: One Bedroom. Rent £5,040 p.a.
Apartment 11: One Bedroom. Rent £5,040 p.a.
Apartment 12: One Bedroom. Rent £5,040 p.a.
Apartment 14: One Bedroom. Rent £5,040 p.a.
Apartment 15: Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £5,400 p.a.
Apartment 16: One Bedroom. Rent £5,400 p.a.
Apartment 17: One Bedroom. Rent £5,640 p.a.
Apartment 18: Hall, Kitchen, Lounge, Bedroom, Shower Room with wc. Rent £6,420 p.a.
Apartment 19: One Bedroom. Rent £5,640 p.a.
Apartment 20: Hall, Kitchen/Living Room, Bedroom, Shower Room with wc. Rent £6,780 p.a.
Note: Only Apartments 15, 18 & 20 have been inspected. The Rents are inclusive of water rates and shared facilities including Laundry Room.

Outside: (Rear of 69 Market Street) Vehicular access to secure palisade fenced and gated car parking area with bin storage.

Total Rental Income: £235,420 per annum

Tenure
69 Market Street: Freehold (Title No. SF134618)
The Lightworks: Leasehold (Title No. SF554219). Term: 150 years from 7 May 2009. Ground Rent: currently £14,500 p.a. (subject to review).

Legal Documents: Available at Completion: 56 days from exchange of contracts.
VAT: Chargeable on the commercial part of the building. Refer to the Legal Pack

EPC Rating: Refer to Legal Pack
Council Tax: Each Flat is Band A

Viewings: Via Cottons[use Contact Agent Button]
An extensive selection of internal/external photos are available on our website.