A Commercial & Residential Investment Producing £38,356.52 per annum

Description

The property comprises a detached former methodist church arranged over ground and first floors. The building is currently arranged to provide eleven letting rooms. In addition there is a telephone mast situated on the roof.

Tenure

Freehold

Location

The property is situated in the residential area of Walkey close to local shops and amenities. The open spaces of Boleshill are also close by. The M1 motorway (junction 35) is easily accessible.

Tenancy

The property is fully let with all 11 letting rooms subject to Assured Shorthold Tenancies collectively producing £2,940 pcm. The telephone mast is let for a term of 10 years from April 2006 producing £3,076.52 per annum.

Accommodation (2nd Column)

Ground Floor
Eleven Letting Rooms
Communal Lounge
Four Shower Rooms with wash basins
Kitchen
Utility Room

First Floor
Gallery Seating Area (225 sq m approx.)

Viewing Details

Friday 23rd May 11:00-11:30
Saturday 7th June 12:00-12:30
Tuesday 10th June 12:00-12:30

Bold Black Text

Combined Current Rent Reserved £38,356.52 per annum

Additional Fees

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

View Details as PDF Enquire Now

For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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