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£149,999

Hands Off Investment – £10,500 Rental Income -Carver Street, Birmingham

Hands Off Investment - £10,500 Rental Income -Carver Street, Birmingham, West Midlands, B1 3AS

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For more information call us on
0121 740 1000

Key Features

  • Investment Retail Unit
  • Highly Popular Jewellery Quarter Location
  • Ready Made Investment Property
  • Net Internal Area: 681 ft2 (63.26 m2 ) Approx
  • £10,500 p.a / £875 pcm Rental Income
  • 7% Rental Yield
  • 0.4 Miles To Jewellery Quarter Train Station / 1.7 Miles To Snow Hill Station
  • Let On 3 YEAR LEASE
  • Hands Off Investment
  • 125 years from 1 st January 2016 - Leasehold

Summary

Ready Made Investment Property - £10,500 Rental Income / £875 pcm - 3 Year Lease From Sept 2020

Description

DESCRIPTION

Are you looking for a ready made investment property?

** Prime Birmingham Location**

The OPA are pleased to present this hands off, ready made investment opportunity, comprising of a modern retail unit, being sold with tenants in situ, generating rental income of £10,500 p.a / £875 pcm.

ACCOMMODATION

The property comprises a ground floor commercial premises providing an open plan unit which has recently been converted into a private Personal Training Studio.

The unit benefits from a large glazed shopfront with pedestrian access onto Carver Street.

To the right of the main area is a kitchen, storage and WC. 

The unit has been extensively fitted out to a high standard and includes: wood laminate flooring, LED lighting, air conditioning/ heating and numerous power and data sockets.

Total (NIA) 681 ft2 (63.26 m2) approximately

LOCATION

Highly sought after location, on Carver Street, in the heart of Birmingham’s Jewellery Quarter. Situation just off Warstone Lane and within the newly constructed St Georges Urban Village. Carver Street is situated off Icknield Street (A4540); part of Birmingham’s inner ring road.

The City Centre located approximately 1 mile distant and is within walking distance from the Jewellery Quarter and St Pauls Square as well as being located just over half a mile from Brindley Place and the NIA.

The immediate area is well served by public transport with the Jewellery Quarter Metro/Train Station located within close proximity and regular bus routes close to the property.

TENURE

The property is held long leasehold for a term of 125 years from 1 st January 2016

Ground rent of £250 per annum (which is paid for by the tenant as part of the lease)

Service Charge: Paid by the tenant. We are advised the service charge is £1447 + VAT p.a

VAT

We understand VAT is payable. However, it is understood the sale would be treated as a TOGC.

VIEWINGS

Viewings will be limited as the property is tenanted. Please contact The Online Property Agency for viewings.

Buyers Fee

Buyer's Reservation Fee of 2% of The Purchase Price. T&Cs apply.

The OPA’s “Secure It Now Exclusivity Package”

This property is being offered under The OPA’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion

Next Steps – Do Not Miss Out -

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967: The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

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