Retail premises for sale in Alcester Road South, Kings Heath B14
£250,000 (£132.14/sq. ft)
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Birmingham’s status as the UK’s second city is being rapidly reinforced through major infrastructure works, the growth of its conference facilities and the quality of its retail and leisure. The transformation from its traditional role as the UK’s manufacturing heartland has been rapid and today it is a leading professional service provider with an established and growing reputation.
The property is situated on the (A435) Alcester Road South between Kings Heath and the Maypole Island forming part of a small parade of localised retail units serving the immediate area.
This is a busy thoroughfare and benefits from high traffic flow with excellent road frontage.
The subject property comprises an end-terraced two storey retail of brick construction below a part pitched and flat roof. The property is set back from Alcester Road South and benefits from a rear vehicular access.
The ground floor briefly comprises a retail area with offices, storage and WC.
The first floor is self contained and accessed from the front and briefly comprises of a living room, two bedrooms and bathroom / WC.
The property has been measured in accordance with the current Code of Measuring Practice (6th Edition) published by the Royal Institution of Chartered Surveyors.
We understand the building is freehold and is currently let as follows:
Ground floor retail unit let to Hoods Carpets on a rolling monthly agreement at a rent of £700 pcm / £8,400 pax.
First floor flat let on an AST at a rent of £625 pcm / £7,500 pax.
Total current income £15,900 pax.
We are instructed to seek offers in excess of £250,000 (Two Hundred & Fifty Thousand Pounds) subject to contract, subject to the existing leases and exclusive of VAT which will be added as required.
Available upon request.
The Valuation Office Agency website states that the property is currently assessed as follows:-
Rateable Value: £10,250
Prospective purchasers are advised to make their own enquiries of the rating department of Birmingham City Council on .
The flat is assessed for Council Tax purposes in Band A.
Each party to be responsible for their own legal costs incurred during this transaction.
In accordance with Anti Money Laundering
Regulations, two forms of id and confirmation
of the source of funding will be required from
the successful applicant.
Strictly by prior appointment with the sole agent Chivers Commercial. Please contact Zafar Zackaria
* Sizes listed are approximate. Please contact the agent to confirm actual size.
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Chivers Commercial, and do not constitute property particulars. Please contact Chivers Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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