The property comprises a ground floor vacant fully fitted fish & chip shop. The upper parts comprise a 1 no. 1 bedroom flat and 2 no. bed sits which currently produce a gross rental income of £11,880 per annum. Internal images of uppers available from the agent upon request.
Location
The property boasts a prominent position on the busy Cradley Road with a number of local retail & leisure occupiers in the near vicinity.
Accommodation
Ground floor
Retail - 727 sq ft
Prep Area 1 - 300 sq ft
Prep Area 2 - 107 sq ft
Prep Area 3 - 64 sq ft
Total NIA - 1,198 sq ft
First Floor
1 bedroom flat -
2 x bedsit -
Terms
Purchase Price - Offers in the region of £325,000.
Tenancies - Please contact the agents for copies of the assured shorthold tenancies.
VAT - The property is not VAT registered.
Rating Assessment:
Rateable value: £7,600
U.B.R.: XXX in the £ (2023/2024)
* The property may qualify for 100% small business rates relief.
* Eligible small businesses will pay no business rates where they occupy premises having a rateable value of less than £12,000. Details obtained online at www.gov.uk. This information should be verified by the new occupier together with their eligibility for transitional arrangements and small business rates relief scheme.
Fixtures, Fittings & Services - We have not tested any apparatus, equipment, fixtures, fittings or services. We therefore cannot verify they are in working order or fit for their purpose.
Tenure - Freehold
Legal Costs - Each party is to be responsible for their own legal costs incurred in the transaction.
Energy Performance Certificate:
Fish & Chip Shop – B44
Flat 1 – D60
Flat 2 – D65
Flat 3 – D58
Please contact the agent for further details.
Specification
- Prominent vacant retail unit in the heart of Cradley Heath
- Asset management opportunities
- 3 residential dwellings above
- Currently producing £11,880 per annum