Property Details: • Type: Shop • Tenure: N/A • Floor Area: N/A
Key Features: • COMMERCIAL AND RESIDENTIAL SPLIT PROPERTY • GOOD LOCATION • LONG TERM TENANTS • POTENTIAL FOR 6.5% RETURN • CALL OAKMANS TODAY
Location: • Nearest Station: Old Hill Station • Distance to Station: 0.5 miles
Agent Information: • Address: 99 High Street High Street, Harborne, Birmingham, B17 9NR
Full Description: ** INVESTMENT OPPORTUNITY ** CURRENTLY LET TO LONG TERM TENANTS ** DUE FOR RENT REVIEW **Oakmans offer a fantastic investment opportunity consisting of a shop on the ground floor currently used as a pharmacy and a two bedroom flat on the first floor, both of which are being let to long term tenants.Both tenancies are up for renewal in Q3 2024 and the potential rents suggested as follows:Commercial unit: £800pcmResidential flat above: £675Combined annual income: £17,700Commercial shop briefly comprises shop floor, office room, WC, behind counter shop floor and stairs down to Storage room/ basement.Flat above briefly comprises hallway, lounge, breakfast kitchen, two double bedrooms, family bathroom and separate shower room with multiple storage rooms/ cupboards.To the rear there is a good sized lawn and patioed garden.Property type: Semi-Detached multi-use propertyTenure: FreeholdCouncil Tax Band: AEPC Rating: TBCConstruction Type: Standard constructionParking Arrangements: On street parking Broadband: Fibre (FTTP)Mobile Signal Coverage: No known issues Water Supply: MainsSewerage: MainsElectric: MainsHeating Supply: GasBuilding Safety Issues: NoSpecial Conditions: NoneFlood Risk or Previous Flooding: NoMine Shafts/Coal Fields/Erosion: NoRestrictions: NoRights and Easements: No Planning Permissions: No Local Developments: NoAccessibility Adaptations: NoCall Oakmans today!BrochuresCoombs Road, HalesowenBrochure
