Chester Road, Birmingham, B23

Property Details: • Type: Retail Property (out of town) • Tenure: N/A • Floor Area: N/A

Key Features: • Semi Commercial Investment Opportunity • Immediate Income • Fully Occupied, Mainly Under Long Leases • Residential Units Let Under Commercial Tenancy • Established Longstanding Tenants • Potential Yield In Excess of 9% • Prominent High Street Location Near To Chester Road Train Station • Boarder To Sutton Coldfield

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

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

Full Description: Description Semi-commercial investment opportunity featuring 3 fully let commercial units with 3 residential flats positioned directly above, generating a gross annual income of £69,000.Details: Type: Mixed-Use – 3 Commercial Units with 3 Self-Contained Flats AboveIncome: £69,000 per annumLocation: Chester Road, Erdington, BirminghamThere is a service area to the back of each unit and free off-road parking to the front. Tenancy Information Balti Hut - 712 Chester Road - £16,000 p/a with 14 years remaining on leaseChester Wines - 714 Chester Road - £14,000 p/a with 15 years remaining on lease Tasty Pizza. - 716 Chester Road - £15,000 p/a with 16 years remaining on lease The three self contained flats are under a single company let agreement, generating £2000 per calendar month. The forthcoming Renters Right Bill would not apply to this tenancy agreement.Dimensions Balti Hut - 94 Square MetersExpress Wines - 90 Square MetersTasty Pizza - 90 Square MetersFlat - 22 Square Meters (1 Bedroom, 1 Kitchen, 1 Reception and 1 Bathroom)Flat - 83 Square Meters (3 Bedrooms, 1 Kitchen, 1 Reception and 1 Bathroom) Flat - 74 Square Meters (2 Bedrooms, 1 Kitchen, 1 Reception and 1 Bathroom)Tenure This property is believed to be a freehold. VAT It is believed that VAT is not payable.Services None of the appliances and/or services have been tested and we advise any incoming buyer(s) to conduct their own assessments or tests. Legal CostsEach party is liable for their own legal and conveyancing costs.Buyer FeesBuyer fees are payable following the acceptance of an offer at 1% plus VAT. EPCSee attachments Anti-Money LaunderingTo 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.DisclaimerAlthough 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.