Freehold Investment Property Located In West Heath

West Heath, B31 4TL
£147,500
Business ID:
#2612
£147,500
  • Ref: 2612
  • Type: Investment Property
  • Availability: Under Offer
  • Veritas Categories: Commercial Property, - Investment Property
  • Business ID: 2612
  • Commercial Tenure: Freehold
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Property Features

  • Freehold Investment Property
  • (9%) Return on Investment
  • No outgoings
  • Income £13,00 pa
  • Fully Let

Full Details

Freehold Investment Property Located In West Heath
29 Nuthurst Road, West Heath, Birmingham, B31 4TL
Rental Income £13,000 pa (9%) Return On Investment (No Outgoings)
Ref 2612

Location
This delightful single story semi detached Investment Property is located within a highly visible and prominent trading position next door to a newsagents. The area is densely populated with residential properties and gives easy easy access to the A441 from Redditch to Birmingham, A38 (Bristol Road) and M42 motorway.

Asking Price: £147,500

Hair Salon
Comprising: salon, kitchen, W/C, beauty room, storeroom, kitchen and W/C.
Original Lease term: 12 years from September 2014
Remaining : 5 years
Rental income: £8,000 pa
Reviewed: 3 yearly (Due 2023)
Covered in Love
Comprising: access through side extended garage/storage, metal built workshop unit with roller shutter door and garden/storage.
Lease term: 3 years (Break clause at 1 year)
Rental income: £5,000 pa

The property benefits from external front off road parking for (2) vehicles

EPC Rating C