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