Retail premises for sale in Waterloo Road, Smethwick B66, £325,000
325,000.00
Offer Nr.:
60178022
Type of ad:
for Sale
Property type:
Retail premises
Contact name:
Mason Young Property Consultants
Phone(s):
0121 721 9881
Email:
* Freehold Title
* Car Park At Rear
* Income Producing
* Prominent Location
**Location**
The property is located on Waterloo Road with a return frontage to Gilbert
Roadand is situated in a densely populated area. Smethwick Rolfe street train
station is within 1. 4 miles of the premises and provides transport links
across the city.Birmingham city centre is approximately 3. 5 miles away from
the premises.
**Description**
The premises comprise of a two - storey end terrace mixed use building ofbrick -
built construction surmounted by a pitched tiled roof. The property provides
two self - contained retail units on the ground floor and one self - contained
two -bedroom accommodation on the first floor which is accessed via the rear.
Externally there is a car park to the rear.
**Services**
We are advised all main services areconnected.
**Energy Performance Certificates**
Details available upon request.
**Tenure/Rent**
The Freehold interest is available at a quoting price of £325, 000,subject to
contract.
**Lease Terms**
We understand that the first floor flat is let on a 12 - month AST at a rental
of £750 per calendar month. The ground floor rearretail is let to a
convenience shop on a 10 - year lease with effect from 1st September 2020 at a
passing rent of £8, 400 per annum exclusive. The ground floor frontretail is
let to a taxi office on a 10 - year lease with effect from 1st September 2018 at
a passing rent of £11, 760 per annum exclusive. The property has acurrent
combined income of £29, 160 per annum exclusive. Further details available upon
request.
**Business Rates**
Interested parties are advised to make their ownenquiries to Sandwell
Metropolitan Borough Council on .
**VAT**
We understand that the property is not elected for VAT
**Legal Costs**
Each party to be responsible fortheir own legal costs incurred during this
transaction.
**Viewing**
Strictly by prior appointment with sole agents, Mason Young Property
Consultants.
* Car Park At Rear
* Income Producing
* Prominent Location
**Location**
The property is located on Waterloo Road with a return frontage to Gilbert
Road
station is within 1. 4 miles of the premises and provides transport links
across the city.
the premises.
**Description**
The premises comprise of a two - storey end terrace mixed use building of
built construction surmounted by a pitched tiled roof. The property provides
two self - contained retail units on the ground floor and one self - contained
two -
Externally there is a car park to the rear.
**Services**
We are advised all main services are
**Energy Performance Certificates**
Details available upon request.
**Tenure/Rent**
The Freehold interest is available at a quoting price of £325, 000,
contract.
**Lease Terms**
We understand that the first floor flat is let on a 12 - month AST at a rental
of £750 per calendar month. The ground floor rear
convenience shop on a 10 - year lease with effect from 1st September 2020 at a
passing rent of £8, 400 per annum exclusive. The ground floor front
let to a taxi office on a 10 - year lease with effect from 1st September 2018 at
a passing rent of £11, 760 per annum exclusive. The property has a
combined income of £29, 160 per annum exclusive. Further details available upon
request.
**Business Rates**
Interested parties are advised to make their own
Metropolitan Borough Council on .
**VAT**
We understand that the property is not elected for VAT
**Legal Costs**
Each party to be responsible for
transaction.
**Viewing**
Strictly by prior appointment with sole agents, Mason Young Property
Consultants.
Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)
