61 Water Street, Birmingham, West Midlands, B3 1HN

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features: • Leasehold Office Investment (Rental Income: £25,000 Per Annum)

Location: • Nearest Station: Birmingham Snow Hill Tram Stop • Distance to Station: 0.1 miles

Agent Information: • Address: Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

Full Description: Guide Price = £60,000- £69,000

Property for auction on 19th February at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Property Description: A two-storey brick built office/workshop premises having a wide frontage directly onto Water Street abutting the Birmingham and Fazeley canal to the rear and situated between Ludgate Hill and livery Street.

The property is located directly between Birmingham City Centre and the Jewellery Quarter, within a short walk from St Paul's Square, in an area which has undergone significant re-development in recent years and containing a range of traditional commercial premises, restaurants, bars and residential apartments.

Tenancy Information: The property is currently let to Advik Technologies Ltd on a lease for a term of five years from 1st August 2024 at a current rental of £25,000 per annum on full repairing and insuring terms. The Lease is excluded from the provisions of The Landlord & Tenant Act 1954.

Accommodation: The Accommodation comprises of: Reception Area, open plan Offices, Meeting Rooms and Staff/Toilet accommodation arranged over two floors.

Gross Internal Areas: Ground Floor: 147.83 sq m (1,591 sq ft) First Floor: 150.19 sq m (1,616 sq ft) Total Floor Area: 298.02 sq ft (3,207 sq ft) Note: The property has not been inspected internally by the Auctioneers and we refer to the VOA Website for all dimensions.

Leasehold Information: Lease Term: 99 years from 25th March 1935. Ground Rent: £15 per annum.

EPC Rating: D

Legal Documents: Available at Viewings: Via Cottons -BrochuresLegal Documents