10A Station Road, Harborne, Birmingham, West Midlands, B17 9JT

Freehold Investment Opportunity

Property details

Type Investment
Tenure Freehold, subject to existing tenancy.
Price Offers over £160,000
Mail icon

Enquire about this property

Save property
Features
  • Freehold two storey building in sought after south Birmingham suburb
  • Let to Renaissance Health and Therapy centre until July 2027
  • Passing rent - £9,972 per annum full repair and insure (FRI)
  • Prime location just off Harborne High Street
  • Offers based on £160,000
Location
The property is located on Station Road within easy walking distance to the centre of Harborne and all it’s local amenities. It is well positioned for travel to and from Birmingham city centre (approximately 4 miles) and is situated just off Harborne High Street. Junction 3 of the M5 motorway is around 4 1/2 miles away. The office adjoins a residential courtyard, and benefits from an exclusive parking space and a communal visitor space.
Description

The property comprises a mews style two storey property occupying a courtyard location just off the main Harborne High Street. There is an on site allocated car park space with an additional visitor parking space.

Also available as part of this portfolio is two residential units on AST leases: please contact for further details.

Accommodation
- Ground floor meeting/conference room 135 sq. ft.
- First floor office 224 sq. ft.
- Separate WC and tea-making area
- Total gross internal area 460 sq. ft.
- Car parking space and visitors
- Water and Economy 7 electricity
Price
Offers in the region of £160,000 are sought for the freehold interest.
Tenancy
The property is let to Renaissance Health and Therapy centre for a term of 5 years FRI from 13th July 2022, expiring on 12th day July 2027, at a passing rent of £9,972 per annum.

TENANT PROFILE
Renaissance Natural Therapy Centre was established in Harborne, Birmingham, in 1996 and offers psychotherapy, physiotherapy, holistic therapies and day spa services. Insurance of the property will be taken out by the landlord but is payable by the tenant. A full schedule of dilapidation is available.
VAT
We are advised that VAT is not payable.
EPC
Available upon request.
Legal Costs
Each party are to be responsible for their own legal costs incurred in this transaction.
Anti Money Laundering
In accordance with Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.