TO LET - Chivers Commercial
FOR SALE / TO LET 1 Jakeman Road Balsall Heath Birmingham B12 9NT
£6,900 per year / £250,000 to buy 345.00 sqft / 32.05 sqm Retail, Investments, Residential, Other
FREEHOLD (PART FLYING FREEHOLD) SHOP AVAILABLE TO LET WHOLE PROPERTY FOR SALE RETAIL FLOOR AREA 345 SQ.FT SELF CONTAINED 1 BEDROOM FLAT (TENANTED)
Location The property is about 2 miles south of Birmingham city centre and forms part of a small cluster of shops and education / community buildings serving the immediate neighbourhood. The surrounding area is predominantly residential with high density Victorian terraces, together with 1960’s / 1970’s local authority housing. There is convenient access to the Pershore Road (A441) which connects to the local, regional and national road network.
Accommodation The property comprises a mid-terraced two storey building of conventional brick construction under a pitched artificial slate roof and forms the corner of Jakeman Road and Edward Road. To the ground floor is a timber framed shop front with roller shutter protection leading into the retail shop with store and WC. The total net internal floor area is approx. 345 sq ft. The flat has self-contained access via a UPVC door from the front of the property with stairs leading to the first floor which comprises a living room, a bedroom, kitchen and bathroom.
Terms The freehold interest in the property is available for sale at a price of £250,000. The property is to be sold with vacant possession of the shop (unless a tenant is found) and subject to the tenancy of the flat which is currently rented out on an Assured Shorthold Tenancy at a rent of £500 per calendar month. Part of the flat is a flying freehold over part of the pharmacy. The pharmacy is not included in this transaction – please see property photo on front page outlined in red indicates property being sold. The ground floor shop is available to let at an asking rent of £6.900 per annum exclusive of VAT and all outgoings for a minimum term of 3 years on a full repairing and insurance basis.
Rateable value The Valuation Office Agency website states that the property is currently assessed for rating purposes as follows: Shop and Premises: RV £3,800 The estimated rates payable for 2017 - 2018 are £1,770.80. Small business rate relief may apply. Prospective occupiers / purchasers are strongly advised to rely on their own enquiries with Birmingham Rating Authority on 0121 303 5509. The Flat 1A Jakeman Road has a Council Tax Banding of A. Prospective purchasers are strongly advised to rely on their own enquiries with Birmingham Rating Authority on 0121 303 1113.
Services We understand that electricity, water and mains drainage are connected to the property. The agents have not tested the services and prospective occupiers are advised to make their own enquiries regarding the adequacy and condition of these installations.
Planning We understand that the property has planning permission for A1 Retail on the ground floor and C3 Residential for the 1st floor Flat. Prospective purchasers are advised to make their own enquiries with the planning department - 0121 303 1115.
Viewings Strictly by prior appointment with the sole agent Chivers Commercial. Please contact 0121 441 3040. [email protected]
Costs Each party to pay their own legal and other costs during the transaction. A pre-contract non-refundable deposit may be required before solicitors can be instructed.
VAT All figures quoted are exclusive of VAT which will be added if required.
Additional Information ANTI - MONEY LAUNDERING In accordance with the latest Anti-Money Laundering Regulations, please be advised that two forms of identity and confirmation of the source of funding will be required from the successful purchaser / tenant.
Misdescription act CONDITIONS UNDER WHICH THESE PARTICULARS ARE ISSUED: Chivers Commercial for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract; (ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of Chivers Commercial has any authority to make or give any representation or warranty whatever in relation to this property.
£6,900 per year / £250,000 to buy 345.00 sqft / 32.05 sqm Retail, Investments, Residential, Other
FREEHOLD (PART FLYING FREEHOLD) SHOP AVAILABLE TO LET WHOLE PROPERTY FOR SALE RETAIL FLOOR AREA 345 SQ.FT SELF CONTAINED 1 BEDROOM FLAT (TENANTED)
Location The property is about 2 miles south of Birmingham city centre and forms part of a small cluster of shops and education / community buildings serving the immediate neighbourhood. The surrounding area is predominantly residential with high density Victorian terraces, together with 1960’s / 1970’s local authority housing. There is convenient access to the Pershore Road (A441) which connects to the local, regional and national road network.
Accommodation The property comprises a mid-terraced two storey building of conventional brick construction under a pitched artificial slate roof and forms the corner of Jakeman Road and Edward Road. To the ground floor is a timber framed shop front with roller shutter protection leading into the retail shop with store and WC. The total net internal floor area is approx. 345 sq ft. The flat has self-contained access via a UPVC door from the front of the property with stairs leading to the first floor which comprises a living room, a bedroom, kitchen and bathroom.
Terms The freehold interest in the property is available for sale at a price of £250,000. The property is to be sold with vacant possession of the shop (unless a tenant is found) and subject to the tenancy of the flat which is currently rented out on an Assured Shorthold Tenancy at a rent of £500 per calendar month. Part of the flat is a flying freehold over part of the pharmacy. The pharmacy is not included in this transaction – please see property photo on front page outlined in red indicates property being sold. The ground floor shop is available to let at an asking rent of £6.900 per annum exclusive of VAT and all outgoings for a minimum term of 3 years on a full repairing and insurance basis.
Rateable value The Valuation Office Agency website states that the property is currently assessed for rating purposes as follows: Shop and Premises: RV £3,800 The estimated rates payable for 2017 - 2018 are £1,770.80. Small business rate relief may apply. Prospective occupiers / purchasers are strongly advised to rely on their own enquiries with Birmingham Rating Authority on 0121 303 5509. The Flat 1A Jakeman Road has a Council Tax Banding of A. Prospective purchasers are strongly advised to rely on their own enquiries with Birmingham Rating Authority on 0121 303 1113.
Services We understand that electricity, water and mains drainage are connected to the property. The agents have not tested the services and prospective occupiers are advised to make their own enquiries regarding the adequacy and condition of these installations.
Planning We understand that the property has planning permission for A1 Retail on the ground floor and C3 Residential for the 1st floor Flat. Prospective purchasers are advised to make their own enquiries with the planning department - 0121 303 1115.
Viewings Strictly by prior appointment with the sole agent Chivers Commercial. Please contact 0121 441 3040. [email protected]
Costs Each party to pay their own legal and other costs during the transaction. A pre-contract non-refundable deposit may be required before solicitors can be instructed.
VAT All figures quoted are exclusive of VAT which will be added if required.
Additional Information ANTI - MONEY LAUNDERING In accordance with the latest Anti-Money Laundering Regulations, please be advised that two forms of identity and confirmation of the source of funding will be required from the successful purchaser / tenant.
Misdescription act CONDITIONS UNDER WHICH THESE PARTICULARS ARE ISSUED: Chivers Commercial for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for guidance of intended purchasers or lessees and do not constitute nor constitute part of an offer or contract; (ii) all descriptions, dimensions, references to conditions and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of Chivers Commercial has any authority to make or give any representation or warranty whatever in relation to this property.
