* Freehold
* Investment Opportunity
* Freehold
* Fantastic Location
* EPC D
* Ground Floor 108. 9m2 (1172ft2)
* First Floor 81. 6m2 (878ft2)
* Ground Floor Business Rates £16, 750 per annum
* First Floor Business Rates £7, 700 per annum
A commercial property investment opportunity in an excellent location.
**Location**
762 - 764 Bristol Road is located in Selly Oak and benefits from a very large
footfall as well as being prominently located on the corner plot visible to
high volumes of traffic. Selly Oak has a large and growing student population
which is to the advantage of the present tenants' businesses and should
provide comfort to the purchaser of their ongoing occupancy.
**Description**
The building is two storey under a flat roof, brick construction, with a
further flat roof at the rear with a small service yard. Sheldon Bosley Knight
have managed the premises for many years and are well versed with the history
of both the tenants and the building should it be required.
**Summary Of Tenants**
Ground floor
•Tenant: Bj so Limited (trading as Big John’s)
•Annual rent: £14, 500
•Term: 15 years
•Lease start: 2011
•Lease end: 24/03/2026
•Term left: 2. 84 years
•Rent review: 1 outstanding 25/03/2021
First floor
•Tenant: Adage Dance & Fitness Studio
•Annual rent: £7, 900
•Term: 5 years
•Lease start: 15/01/2021
•Lease end: 14/01/2026
•Term left: 2. 65 years
•Break clause: 15/01/2024
•Rent review: None
Telecommunications mast
•Tenant: On Tower
•Annual rent: £5, 250
•Lease start: 31/12/2001
•Lease end: 31/12/2021
•Term left: Holding over
•Notes: Negotiations ongoing
Advertising hoarding
Historically the building has had additional income from advertising
hoardings. Negotiations are near completion on two hoardings with an annual
income of £6, 000 per annum.
Total rental income £33, 650 (£39, 650 with the banner should it complete).
**Epc**
Energy Performance Rating D
**Tenure**
Freehold
**Vat**
Please note that VAT is applicable on all rental income.
**Further Enquiries**
Interested parties are requested to inform the Agents at which point a legal
summary pack will be provided.
**Viewing**
Strictly by appointment and viewings carried out at the convenience of the
occupying businesses.
Aml checks will be required prior to any viewings arranged.
To arrange a viewing please telephone Commercial on .
**Important Notes**
We are required by hmrc to conduct anti - money laundering checks on all parties
with an interest in the property and accordingly we will require forms of
identification in due course.
Particulars:
These Particulars do not constitute an offer or contract and should not be
relied upon as being factually accurate, the photographs show only part of the
property and the areas, measurements and distances given are approximately
only.
A buyer or a lessee must make their own enquiries or inspections and should
not solely rely on these Particulars or other statements by Sheldon Bosley
Knight.
VAT: The VAT position relating to the property may change without notice.

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