**SOLD PRIOR TO AUCTION ** Freehold investment opportunity, mixed use, comprising 2 x retail units plus long lease flat above. Current rent payable £20,600 p.a. providing for a yield of circa 10% Prominent location on the corner of Moseley Avenue and Bakers Butts Lane.
ACCOMMODATION
RETAIL UNIT 92B+C Physiotherapist (Elite) Ground floor retail plus first floor area circa 126 sqm/1356 sqft (Information from VOA office) RETAIL UNIT 92 Charity shop (Sue Ryder) Ground floor area circa 61 sqm/656 sqft (information from VOA office) FIRST FLOOR FLAT 2 bedroom flat
OUTSIDE
On street parking.
TENURE
Freehold subject to leases. Leasehold collection of ground rent only.
LEASES
No.92: Retail - Sue Ryder Term: 6 years from 25/03/2020 - 24/03/2026 Amount payable: £8,000 p.a. Rent review: 25/03/2025 In occupation since 2009 No.92A: Flat Leasehold, (Collection of ground rent only) Term: 125 years from 21/04/2022 - 20/04/2147 Ground Rent: £100 p.a. No.92B&C: Retail - Elite Term: 6 years from 24/08/2022 - 23/08/2028 Amount payable: £12,500 p.a. Rent review: 24/08/2025
ADDITIONAL INFORMATION
Administration Fee: £1,200 (£1,000 plus VAT) Buyers Premium: £1,200 (£1,000 plus VAT) Please see the legal pack for any further costs.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.