Commercial Property Birmingham B16 £290,000 - £315,000
This property is from a past auction and is no longer available. Please visit our Homepage to view our current auction database
Auction date: Tue, 28/02/2017 - 11:00
The property comprises a pair of ground floor commercial units forming part of a modern, purpose-built, multi-storey block of apartments occupying an attractive canal-side setting . The premises are thought to have originally comprised a single, larger-style unit which has been split or divided to form two separate self-contained units. The two units are both let by way of Occupational Underleases to a Licensed Café and Health and Fitness Studio. The property is therefore likely to be of interest primarily to private investors. The premises are fully let and currently produce a Rental Income of £32,772 per annum, exclusive, plus VAT rising to £36,870 per annum, exclusive, plus VAT by virtue of fixed escalations in rent contained within the Underlease documentation
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