Overview
- Other
Description
Location
Location
The property is located on Beacon Road (B4154), a short distance off Queslett Road (A4041) providing easy access to Scott Arms and M6 Junction 7. The shop is situated at the end of the retail parade which provides a variety of occupiers to include Nisa Local. Service road parking off Beacon Road.
Great Barr is within 6 miles to the south east of Walsall town centre and 4 miles to the west of Sutton Coldfield town centre.
Description
A mixed use investment comprising a self-contained ground floor shop providing ground floor sales leading to further sales, store and WC and let to Mr B Smith trading as Pheasey Barbers on a 5 year lease at £8,000 per annum. The first / second floor 3 bed flat and garden to include a lounge and kitchen on the first floor is let on a 3 year AST agreement at £825 per calendar month.
Floor Areas
Ground Floor Retail - 381 SqFt plus ancillary store 79 SqFt
First Floor Flat - 765 sq ft
Terms
Freehold for sale subject to the following tenancies:
Ground floor shop - let to Mr B. Smith on a 5 year internal repairing and insuring lease expiring 11 September 2030 at a rent of £8,000 per annum. Landlord responsible for external repair and maintenance the costs of which are recharged to the tenant.
First/second floor flat - let on a 3 year Assured Shorthold Tenancy agreement expiring 17 May 2027 at £825 per calendar month.
Total income £17,900 per annum.
EPC
Retail Shop - Energy Performance Rating - D78.
Flat - Energy Performance Rating - C69
Rates Comments
Ground Floor Shop - Rateable Value 2026 / 2027 - £5,500
Flat - Council Tax Band A
Businesses may benefit from 100% business rates relief on this property. Interested parties are advised to make their own enquiries with the Local Authority (Walsall) for verification purposes.
Money Laundering
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.
Legal Costs
Each party to be responsible for their own legal costs in this transaction.
VAT
All figures quoted are exclusive of VAT which we understand will not be applicable.
Summary
Key points
- Prominent location within neighbourhood retail parade
- Set behind service road with off street parking
- Fully Let Investment
- Current income £17,900 per annum
Contact
Burley Browne Limited
Tel: 0121 362 1530
David Hemming
david.hemming@burleybrowne.co.uk
www.burleybrowne.co.uk
EPC
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