522 Hagley Road West, Oldbury, West Midlands, B68 0BZ

Location

The properties occupy a prominent mid parade position on the main A456 Hagley Road West in Quinton, close to the main crossroads with the A4123 Wolverhampton Road. The property is approximately 1 mile north eats of junction 3 of the M5 motorway and lies approximately 4 miles west of Birmingham City Centre. Other nearby occupiers include Greggs ( next door) , McDonalds, Lloyds Pharmacy and Bet Fred.

Description

The property comprises a ground floor fast food takeaway restaurant with a self-contained duplex apartment to the first and second floors.

Accommodation

Ground floor – the ground floor extends to approximately 680 sq. ft. with ancillary areas and staff toilets to the rear.
First and Second Floors – A self-contained 3 bedroom apartment accessed via the rear of the subject property.

Price

Offers in the region of £300,000 are sought for the Freehold interest, subject to the existing tenancies.

Tenancy

Ground Floor – Let to Balti Herbs and Spices takeaway for a term of 20 years at a passing rent of £18,000 per annum.
First Floor – let on an assured short hold tenancy at a passing rent of £6,000 per annum

Total Income - £24,000 per annum.

VAT

We are advised that VAT is not applicable. However, if VAT is payable, then it is anticipated that this will be dealt with by way of a TOGC.

EPC

Available upon request.

Anti Money Laundering

In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.