Property Details
Pugh Auctions
Auction: April 2019

1242 Coventry Road, Birmingham, West Midlands, B25 8BJ

Property Details
Location

The property is located fronting A45 / Coventry Road on the corner of Flora Road, in a small parade of shops in an established location. There are a number of amenities within walking distance including a Holiday Inn express Hotel whilst Birmingham City Centre is within easy travelling distance, approximately 7 miles to the North.

Description

An end of terrace property comprising a ground floor retail unit with two bedroom flat above. The current passing rent is £14,550 per annum.

Accommodation

The auctioneers have not inspected the property internally although the VOA office states that the ground floor retail unit measures approximately 38.1m2 / 410 square feet. The vendors agent has confirmed that the flat has accommodation split over first and second floors. Prospective purchasers are advised to make their own enquiries.

Tenancy

The ground floor is let by way of a 15 year lease from 16 November 2017 at a rent of £9,750 per annum. The upper floors are let by way of an AST agreement dated 13th June 2013 at a rent of £4,800 per annum (£400 pcm). The gable end hoarding are let on a 999 year lease dated 13th June 1997 at a peppercorn rent.

General

1. Completion to take place on 21st May 2019.

2. We are informed that the vendor has made a VAT election and VAT therefore will be payable.

Addendum

Completion to take place on 21st May 2019. VAT is applicable. The gable end and hoarding is let on a 999 year lease from 13/6/1997.

Property Location Address:
1242 Coventry Road,
Birmingham,
West Midlands,
B25 8BJ
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Auction Details
Auction: April 2019 Date: 9th April 2019 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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