Industrial for sale in 762-764 Bristol Road, Selly Oak, Birmingham B29, £600,000

600,000.00

Offer Nr.:
64858769
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Siddall Jones Limited
Phone(s):
0121 659 8498

* Freehold
**Description**
The building comprises a two - storey premises of traditional brick construction
under a flat felted roof.
The ground floor benefits from a prominent retail position with return
frontage along the Bristol Road.
The unit trades as a takeaway with glazed retail frontages and open plan
retail area with kitchen to the rear along with pedestrian access.
The unit is serviced via a rear yard area off Elliott Road.
The first floor is accessed via a pedestrian access to the rear and comprises
predominately open plan accommodation with kitchen and welfare facilities.
The space benefits from UPVC double glazing, gas fired central heating and
wood laminate flooring.
Tenancy Schedule
Address Area Rent Term / Expiry
Ground Floor (Big Johns) 1, 172 ft2 £14, 500 pa 15 years expiring 03/2026
First Floor (Adage Dance &
Fitness Studio) 878 ft2 £7, 900 pa 5 years expiring 03/2026
Telecommunications
Mast N/A £5, 250 pa 5 years expiring 12/2021 (holding over)
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 £27, 650 (£33, 650 with the advertising hoardings, should it
complete).
**Viewings**
Strictly via the selling agents Siddall Jones on or Sheldon Bosley Knight on
**Location**
762 - 764 Bristol Road occupies a prominent position fronting the Bristol Road
(A34) at its junction with Elliot Road in the Selly Oak area of Birmingham.
The area is primarily residential with significant retail presence on the
Bristol Road with a large traffic volume into Birmingham City Centre.
The area is well served by public transport being situated within a thriving
student area serving Birmingham University.
**Terms**
We are inviting offers in the region of £600, 000 for the valuable freehold
interest, subject to contract.

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