Cape Hill, Smethwick, B66

Property Details: • Type: Restaurant • Tenure: FREEHOLD • Floor Area: 6577 sqft

Key Features: • Fully Let Semi-Commercial Investment • One Commercial Premises • Five Self Contained Flats • Freehold Investment • Prime Location • Annual Income £78,600 • Nearby To Midland Metropolitan University Hospital • Close Proximity to Birmingham City Centre • Immediate Income • Barclays House

Location: • Nearest Station: Smethwick Galton Bridge Tram Stop • Distance to Station: 1.396720803533624 miles

Agent Information: • Address: Suite 2a 6 Floor, Cobalt Square, Hagley Road, Edgbaston, Birmingham, B16 8QG

Full Description: Description <br />Semi-commercial investment comprising a fully let ground-floor commercial unit with five self-contained residential flats above, producing a gross annual rental income of £78,600. <br /><br />Details: <br />Type: Mixed-Use – 1 Commercial Units with 5 Self-Contained Flats Above<br />Income: £78,600 per annum<br />Location: Cape Hill, Smethwick, B66<br /><br />Tenancy Information <br />Commercial Tenancy - £30,000 p/a <br /><br />The five self contained flats are individually let under ASTs, generating £48.600 annually. <br /><br />Dimensions <br />Cape Hill Company Limited - 403 Square Meters<br /><br />Flat 1 - 40 Square Meters<br />Flat 1A - 37 Square Meters<br />Flat 1B - 48 Square Meters<br />Flat 1C - 37 Square Meters<br />Flat 1D - 46 Square Meters<br /><br />Tenure <br />This property is believed to be a freehold. <br /><br />VAT <br />It is believed that VAT is not payable.<br /><br />Services <br />None of the appliances and/or services have been tested and we advise any incoming buyer(s) to conduct their own assessments or tests. <br /><br />Legal Costs<br />Each party is liable for their own legal and conveyancing costs.<br /><br />EPC<br />See attachments <br /><br />Buyer Fees<br />A fee of 1% plus VAT is payable by the buyer upon the acceptance of an offer. <br />Further, any potential buyer will also be required to pay a 5% non-refundable deposit upon the issue of heads of terms. <br /><br />Anti-Money Laundering<br />To comply with the Anti Money Laundering Regulations 2017, all clients and parties will be asked to verify their identify and address. For limited companies, this applies to all directors and shareholders that hold more than 25% ownership.<br /><br />Disclaimer<br />Although we have made every effort to ensure the information in this brochure is accurate, we encourage all interested parties to verify the details, including the description and floorplan, through inspection or other means. Any fixtures and fittings mentioned should be considered excluded from the sale unless explicitly stated. We have not tested any appliances or services and cannot guarantee their functionality.