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Mixed use for sale
323 Slade Road, Erdington, Birmingham, B23 7JX
£160,000
323 Slade Road, Erdington, Birmingham, B23 7JX
£160,000
Our Summary
- For Sale By Public Auction on 11 December 2024 starting at 08:30 AM - A freehold mixed commercial/residential investmentCurrent gross rental income £12,600 PA with scope to increase in the region of £16,000 per annumA freehold retail shop premises currently a general grocery store sitting flush to the pavement with self contained two bedroom flat above
- Flat: Let for 12 months from 04/05/2014- 03/05/2015 now holding over at £350pcm- £4,200 per annum with scope to improve
- Live-streamed AuctionPlease note that the Auction will be livestreamed via our website
- You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction
Description
This freehold mixed commercial and residential investment property is available for sale by public auction on December 11, 2024, starting at 8:30 AM. The property consists of a retail shop premises on the ground floor, currently a general grocery store, with a self-contained two-bedroom flat above. The shop is let on a three-year lease, generating £8,400 per annum, while the flat is let for 12 months, producing £4,200 per annum. The total current gross rental income is £12,600 per annum, with scope to increase in the region of £16,000 per annum. The property is being sold with the existing tenancies in place, and copies of the tenancy agreements will be included in the legal pack. Viewings are available externally, and the auction will be livestreamed via the auctioneer's website, allowing remote bidding via proxy, telephone, or online.