The Business Partnership are marketing for sale this excellent mixed commercial/residential property investment opportunity in North Birmingham.
The property is a traditional terrace commercial premises on a very busy A road shopping parade in Kingstanding, North Birmingham. The premises generate a monthly rental income of £1,940 per month ex-VAT £22,280 per annum) and comprise:
Ground Floor - lock up retail unit 106.9m2 (1150sf) currently operating as a local off licence convenience store producing an annual income of £800 per calendar month until 2029 inclusive of VAT (or £8,000 per annum ex VAT) for a 20 year term from 24 October 2018 with 5 yearly rent reviews.
First Floor - residential A - 1-bedroom flat let on assured shorthold tenancy at present generating rental income of £595 per calendar month (£7,140 per annum).
First Floor - residential B - 1-bedroom flat let on assured shorthold tenancy at present generating rental income of ££595 per calendar month (£7,140 per annum).
Kingstanding is a vibrant suburb 5 miles north of Birmingham city centre and offers a range of other amenities including many complimentary independent businesses.
For further information please click through and we will contact you directly. Alternatively please contact Business Partnership central Birmingham office.
Retail and residential investment premises producing annual income of £22,280
Ground Floor Retail with Studio Flat to Rear - Local Convenience Store
2 Tenanted 1 bed Flats to First Floor on Shorthold Tenancy currently