Guide price
£350,000
(£275.81/sq. ft)
Retail premises for sale798, Stratford Road, Sparkhill, Birmingham, West Midlands B11
1,269 sq. ft
Freehold
About this property
On busy Stratford Road
Freehold Investment
No VAT on purchase price.
Location
Description
Income producing Lock-up shop on the busy and popular Stratford Road in Sparkhill. The property comprises a ground floor retail unit with first floor residential uppers, all occupied by the same tenant.
Tenure Comments
The premises is leased to a private individual on a lease which expired in March 2023. The passing rent is £13,000 per annum, exclusive. The lease is contracted outside of the security of tenure provisions of the L&T Act 1954 (as amended). The tenant also occupies next door (800).
EPC
Tbc
Service Charge Information
No service charge is present.
Insurance
The tenant pays the landlords insurance premium.
Planning
We understand the unit benefits from E Class planning use. Interested parties are advised to make their own enquiries.
VAT
VAT is not applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Description
Income producing Lock-up shop on the busy and popular Stratford Road in Sparkhill. The property comprises a ground floor retail unit with first floor residential uppers, all occupied by the same tenant.
Tenure Comments
The premises is leased to a private individual on a lease which expired in March 2023. The passing rent is £13,000 per annum, exclusive. The lease is contracted outside of the security of tenure provisions of the L&T Act 1954 (as amended). The tenant also occupies next door (800).
EPC
Tbc
Service Charge Information
No service charge is present.
Insurance
The tenant pays the landlords insurance premium.
Planning
We understand the unit benefits from E Class planning use. Interested parties are advised to make their own enquiries.
VAT
VAT is not applicable.
Legal Costs
Each party will be responsible for covering their own legal costs incurred in the transaction.
Mortgage calculator
Monthly repayment
£1,750 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}