Property Details - 227 Merritts Brook Lane, Northfield, Birmingham

Photo of 227 Merritts Brook Lane, Northfield, Birmingham

Available at £175,000

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Lot 13

This investment property consists of a double fronted semi-detached two storey building situated opposite the junction with Waterworks Drive. The ground floor is currently let to a Post Office franchise for a duration of 20 years from 23/2/2010 with 5 yearly rent reviews at a current passing rent of £12,000 pa. Above the shop is a one bedroom flat that is currently let on an Assured Shorthold Tenancy at an annual rent of £6,000. The property is being sold with the benefit of the ongoing investment income. The building occupies a prominent position of a local parade of shops situated within predominately residential surroundings and approximately 7 miles from Birmingham City Centre.

Accommodation

Ground floor: shop unit, kitchen, staff toilets approx 127m2
First floor: storage, kitchen, bathroom approx 32m2
Second floor: storage approx 6m2
Residential flat to first floor consisting of one bedroom, lounge, kitchen, bathroom. The accommodation has not been internally inspected by the Auctioneers

Local Authority & Tax Rating

Birmingham City Council 0121 303 115
Council Tax Band: A
Rateable Value: £4,950

Viewing Times

By appointment through the Auctioneers

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Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees

Please note that the following additional fees will apply to the purchase of your property:

Buyers Premium of £600 inclusive of VAT
Other fees as listed within the Special Conditions of Sale that form part of the legal pack which is made available to you prior to auction. You will be expected to sign this document as well as the Sales Memorandum at the time of purchase.
Stamp Duty - rates easily available on-line
Your solicitor fees and any survey fees
Insurance - it is your responsibility from the date of exchange to insure the property purchased.

227 Merritts Brook Lane, Northfield, Birmingham

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