Substantial Investment Property in West Midlands

Nationwide welcomes to the market this LONG LEASEHOLD INVESTMENT (shop and 2 flats). Situated in a parade, residential area, BIRMINGHAM.

TOTAL RENTAL INCOME £29,800

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (vendor) granted for 15 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £14,200 p.a.

IN ADDITION the 2 flats are rented out for £650 per month and a shorthold tenancy agreement.

SPACIOUS DOUBLE FRONTED SALES SHOP in the region of 1,275 ft² with tiled floor, suspended ceiling with fluorescent lighting

2 Stockrooms

Office

THE VALUABLE LONG LEASEHOLD PROPERTY, £400,000
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT. (Our brokers can lend up to 50% on a leasehold or 75% on a freehold purchase, subject to status, please contact us for a free quote)

Request Details to see Additional Information e.g. Opening Hours, Staffing and Tenure. Viewing Strictly by appointment via Nationwide Businesses Ltd 020 8763 1777.Lease : £400,000 Freehold : £400,000 (M5688)

www.NationwideBusinesses.co.uk