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Long Leasehold Investment Property Located In Kings Norton For Sale

Birmingham, West Midlands, UK
Asking Price:
£129,950
Turnover:
£14,520
Net Profit:
Available on request

Long Leasehold Investment Property located in Kings Norton, Birmingham. Peppercorn rent and produces income of £14,520 pa (11.2%) return on investment. Commercial & residential let.

Veritas Business Sales are privileged to offer to the market this Investment property which is located in Kings Norton. The property is held on a 75 year lease from Birmingham City Council dated from 1980. The annual ground rent is £100. The ground floor comprises of a commercial let which is on a 15 year lease which expires in 2027 and produces rental income of £7,800 pa. Above is a self-contained 2 bedroom flat held on 3 year tenancy agreement which produces rental income of £6,720 pa. Combined annual rental income is £14,520 which gives a (11.2%) return on investment. This is a superb opportunity to purchase a fully let investment property and as such early viewing is highly recommended as this is not to be missed.

If interested, please contact us by filling the form given below.

Property Information

Property:

Leasehold

Lease Terms:

75 years
25 years remaining

Leasehold Rent:

£100 per annum

Location:

This delightful Investment Property which is located in Kings Norton, Birmingham. The property sits within a prominent and highly visible trading position within a small parade of shops to include a Post Office, Pharmacy and Michaels Supermarket. The immediate area is densely populated with residential properties and you are within close proximity to Kings Norton Business Park where there is a wealth of businesses and industry. Kings Norton Green is (0.6 miles), Kings Heath is (2.7miles) and Birmingham city centre (6.9 miles).

Premises Details:

Ground Floor
Retail takeaway Kitchen/ preparation room with rear exit door and boiler cupboard.
W/C with wash basin.

External
Rear yard. Side access with stairs leading to the first floor.

First Floor
Entrance door leading into a small porch. Kitchen. Lounge. Hallway with stairs leading to the second floor.
Second Floor
Double Bedroom
Double Bedroom
Bathroom with bath, W/C and wash basin.

The flat benefits from gas fired central heating and UPVC double glazing

EPC Rating C

Energy Performance Rating:
C

Contact Veritas Business Sales

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