Oldbury Road, Rowley Regis

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

Key Features: • A freehold investment property currently rented to hairdressers • Prominent town centre location close to Blackheath Market • Close to the new bus interchange

Location: • Nearest Station: Rowley Regis Station • Distance to Station: 0.31809235020658716 miles

Agent Information: • Address: 821-829 Hagley Road West, Quinton, Birmingham, B32 1AD

Full Description: An opportunity to acquire a freehold investment property currently rented to hairdressers. Prominent town centre location close to the Blackheath market and the new bus interchange. <br />EPC = Rating C (Valid until 5th October 2035)<br /><br />ACCOMMODATION<br /><br />GROUND FLOOR<br /><br />RETAIL SALES AREA:<br />FRONT: 3.35m max. x 9.35m<br />REAR: 1.95m x 2.83m min.<br />Two electric panel radiators. Staircase off to first floor. PVCu door to rear yard.<br /><br />FIRST FLOOR<br /><br />LANDING<br /><br />ROOM 1 (FRONT/RIGHT): 1.98, x 3.98m<br />Double glazed PVCu window. Slding door to<br /><br />ROOM 2 (FRONT/LEFT): 2.34m x 3.98m<br />Double glazed PVCu window.<br /><br />ROOM 3 (MIDDLE): 3.38m x 3.97m<br />PVCu double glazed window. Store cupboard opening off.<br /><br />WASHROOM (REAR): 1.99m x 2.94m<br />W.C., wash basin with electric instantaneous hot water heater, double glazed UPVCu window<br /><br />OUTSIDE<br /><br />SHARED SIDE TUNNEL PASSAGEWAY<br /><br />REAR YARD<br /><br />BRICK BUILT STORE<br /><br />OUTSIDE TOILET<br /><br />OPEN FRONTED STORE<br /><br />LEASE:<br />We understand that the tenant who is currently occupying the premises is paying a rent of £7040 per annum. The tenant is holding over from a lease that has previously expired. We are awaiting the details relative to this lease. Interested parties should liaise with agents in order to make any initial enquiries in this respect.<br /><br />RATING ASSESSMENT: <br />Rateable Value (from 1st April 2023): £5,100 (Shop and Premises)<br />Where provided the Agent has made a verbal enquiry with the Local Authority and this information should be verified by interested parties making their own enquiries. <br /> <br />VAT: <br />All figures quoted are exclusive of VAT where applicable.<br /><br />SERVICES AND APPLIANCES: <br />Mains electricity, water and drainage are connected.<br />The Agents have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify they are in working order or fit for their purpose. The prospective tenant is advised to obtain verification from their Solicitor or Surveyor. <br /> <br />VIEWING:<br />Strictly by prior appointment via Scriven and Co who will meet prospective purchasers at the property by prior appointment.<br />0121-422-4011 (option 3, commercial)<br /><br />ANTI-MONEY LAUNDERING REGULATIONS:<br />In order to comply with Anti-Money Laundering Regulations, any prospective purchaser will be required to provide the following: <br /><br />1. Satisfactory photographic identification. <br />2. Proof of address/residency. <br /><br />In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.<br /><br />