Income Breakdown - The shop is let on a 3 years lease from May 2021 at £795 per month. The first floor one bedroom flat is let on an AST at £550 per month from June 2021.
Accommodation: The salon area, measuring 4.83m x 6.88m, is set out as follows; bay window with sofa/waiting area, front reception desk to right hand side, open plan salon with five work stations, rear window and front bay window giving plenty of natural light. The property has a suspended ceiling with a number of downlighters and a wood effect laminate floor. From the front shop area is a middle room, previously used as a treatment room. This room measures approximately 1.93m x 2.45m. From the middle room is a further rear room used as a kitchen which measures 2.09m x 1.97m with rear window and rear access door. There is a further room which is used as a toilet off the middle room, measuring 1.34m x 0.77m.
On the first floor is a self-contained 1 bedroom flat featuring Living Room, Kitchen, Bedroom and Bathroom.
Location
Located on the Alvechurch Road between West Heath and Northfield, set back slightly from the road giving ideal pedestrian access and potential parking to the front of the buiding. The property has it's own front door leading into the main reception and salon area.
Accommodation
Gross Internal Area (GIA) is 429 sq ft (39.86 sq m)
Terms
Price: £200,000
Rates Payable: The rates payable are calculated as a multiplier of the rateable value. If the rateable value is £12,000 or less, small businesses may be entitled to 100% rates relief providing the property is their only business premises. Any interested applicants should contant the local authority and verify the multiplier and check if any rates relief is available for their business.
Legal Costs & Holding Deposit: Each party pays their own legal costs. The landlord may request a holding deposit of £1000 once terms are agreed this will be deducted off the completion monies.
VAT: Value Added Tax at the prevailing rate is applicable on all costs shown in these particulars apart from business rates.
EPC: The Energy Performance Rating of the property is = E. A full copy of this report is available from the agent’s office upon request.
Specification
- Income of £16,140 per annum
- GF Area 429 sq ft (39.94 m2) NIA
- First Floor Flat
- Self Contained Lockup Shop
- £200,000