LOT 30

639 Bearwood Road, Smethwick, West Midlands, B66 4BL

FREEHOLD COMMERCIAL INVESTMENT
Guide price: £110,000 - £120,000*

Auction Date

Monday, 11th July 2016 11:00am

Location & Description

A terraced property arranged as an A5 take-away shop with a self-contained first floor flat, accessed via Poplar Road. Within a busy local retail parade on the east side of Bearwood Road which serves the wider residential area.
Located approximately 3 miles west of Birmingham city centre and 1 mile south of Smethwick town centre whilst the A456 which links with junction 3 of the M5 and Birmingham city centre is about 100m to the south.

Accommodation

Retail/kitchen area: 323 sq ft (30 sq m)
First Floor: 2 rooms 243 sq ft (22.6 sq m)
Entire property is let on a 20 year repairing and insuring lease from November 2012 at a stepped rent currently £10,000 p.a. rising in November 2016 to £11,000 p.a. with a tenant break option in December 2017 but subject to a £5,000 rise.

EQUIVALENT TO £10,000 p.a. RISING TO £11,000 p.a. IN NOVEMBER 2016

EPC Rating

On application

Status

Sold for £110,000.

Joint Auctioneer

Bulleys Surveyors

Bulleys Chartered Surveyors Tel: 01902 713333

* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #17] Note that in addition to the purchase price there is a buyer’s administration fee [section #13] and there may be additional non-optional fixed or variable fees and costs [section #8]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.