Freehold Commercial Property Located In Harborne
Ground Floor Retail Unit Currently Utilised By The Owners
Self Contained Two Bedroom Flat Above Producing £795 (PCM)
Investment Property Fully Let ROI (8.6%)
Ref 3041
Asking Price £320,000
Location
This well appointed Commercial Property is located in the affluent and vibrant area of Harborne, Birmingham. The main High Street is nearby which offers a variety of large retailers along with niche independent retailers all of which bring decent levels of footfall to the area. Harborne is (3 miles) South West of Birmingham City centre and is home to many professionals due to it’s close proximity to The Queen Elizabeth Hospital.
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Property Description
Veritas Business Sales offer to the market this adaptable Commercial Property which is located in Harborne. The property has been in the careful hands of the current owners for the past 18 years and they are now offering this for sale so that they can enjoy a well deserved retirement.
The ground floor retail space currently trades as a hairdressing salon and is operated by the current owners. A purchaser can have the benefit of a full fitted salon to include all fixtures & fittings. The business is not being sold so no accounting information will be supplied. Alternatively, the space would lend itself to other retail use or office space or could be rented out for £18,000 per annum. The property comes with a self contained 2 bedroom flat above which is let on a 12 month AST producing rental income of £795 (PCM).
If the property was full let the rental income would be ££27,540 per annum which is an (8.6%) return on investment.
Ground Floor
Retail area comprising: customer seating for (2), reception counter, cloak hanging rail, 3 x wall mounted mirrors, 9 x mirrored cutting stations, portable climazone, 2 x wall mounted dryers, 2 x wall mounted climazones, wall mounted air conditioning unit/hot air blower, 2 x back wash stations with 2 x showers (Triton), 2 x portable product stands and a dispensary cupboard.
Kitchen with worktop, wall & base units, kettle, undercounter fridge, washing machine (Hotpoint), tumble dryer (Miele), second worktop with base units, 1.5 stainless steel sink with drainer, 2 x wall mounted shelves and rear exit door.
Toilet with W/C, wash basin, wall mounted mirror and wall mounted shelf.
Small storage/stockroom with worktop and 3 x wall mounted shelves.
The premises benefits from UPVC double glazed windows & doors and an intruder alarm. Please not that there is no gas.
EPC Rating F
Approx 104 Square metres
External
Rear yard with bin area metal fire escape stairs for the flat above.
Entrance door to the frontage which gives self contained access to the flat.
First Floor
Door leading to a hallway with stairs to the first floor.
Open plan lounge/kitchen with 2 x wall mounted units, extraction hood, worktop, stainless steel sink drainer, 4 ring electric hob, electric oven, wall mounted air conditioning unit/hot air blower and door leading to the fire escape. Bathroom with W/C, wash basin, quadrant shower enclosure, wall mounted mirror, wall mounted shelf, vanity unit and wall mounted fan.
Double bedroom. Single bedroom/office with velux window.
The flat is rented for £795 (PCM).
Flat EPC Rating D
Approx 44 Square metres
