953 & 973 Alcester Road South, Birmingham

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

Key Features: • High Yielding Mixed-Use Investment • Ground Floor Convenience Store • Three Bedroom Maisonette to Upper Parts • Retail Unit Let on Five Year Lease Expiring 29.04.2029 • Maisonette Let on an AST Expiring 31.09.2026 • Forms Part of a Popular Local Parade • VAT-Free Investment • Investment Let at £28,660 p.a. (12% GIY on Guide Price)

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: The property comprises a high yielding, mixed-use, investment opportunity forming part of a popular local parade.Arranged as a ground floor retail unit with a separately accessed three bedroom maisonette to the upper parts, the property is fully let to two tenants producing a total rent of £28,660 per annum.The ground floor is let to a tenant trading as the Maypole Express convenience store on a five year lease expiring 29.04.2029 and paying £18,000 per annum.The upper parts are let to an Assured Shorthold Tenancy (AST) expiring 31.09.2026 and paying £10,660 per annum.The property occupies a prominent position in the centre of a popular local parade anchored by an Iceland Supermarket. Other national occupiers on the street include Betfred, Greggs and Aldi.