Mixed Use Hands Off Investment - Total Rental Income £50,400 p.a / £4200 PCM Retail - Let On 20 Year Lease - £1800 pcm / £21,600 & Residential Let On 5 Year Lease £2400 pcm / £28,800

DESCRIPTION (All measurements are approx.)

The OPA are pleased to present this rare opportunity to acquire a double fronted retail unit combined to create one large shop , together with residential accommodation to the first and second floors.

The property is sold as a ready made investment property and sold with tenants in situ generating a solid rental income of £4200 pcm / £50,400 p.a equivalent to an 8% net rental yield.

ACCOMMODATION

The shop is approx. 1262 SqFt / (117m2) with display frontage to Rookery Road and sits behind a small forecourt

Accessed via the side entrance is a two storey flat set over the first and second floors. The residential accommodation comprises of 8 bedrooms including three en-suites, two bathrooms and a large open plan kitchen lounge .

ACCOMMODATION

Ground Floor: 1262 SqFt / (117m2)

Double fronted retail shop

Basement (not measured and not included in sizes)

Residential Accommodation - 2023.62 Sqft / 188 SqM

First Floor

Bed 1

Bed 2

Bed 3 (With En-suite)

Bed 4 (With En-suite)

Bed 5

Kitchen/ Lounge

Bathroom

Second Floor

Communal Area

Bed 6 (With En-suite)

Bed 7

Bed 8

Bathroom

TENURE

The property is freehold and is sold subject to the following leases

Total rental income : £4200 pcm / £50,400 p.a

Ground floor retail;

20 Year FRI Lease - August 2022- August 2042

£1800 pcm / £21,600 p.a

5 Year Rent Review

Residential Accommodation:

5 Year lease to social housing provider on an FRI Lease

£2400pcm / £28,800 p.a

LOCATION

The property is situated to on the highly sought after location of Rookery Road. Being within walking distance of Soho Road with easy access to city centre bus routes & motorway networks. Commuter benefits include M5, A41, M6 and the M6 toll Road linking the Midlands Motorway network

VAT

We understand there is no VAT payable.

Council Tax – We Understand this is Band A

MATERIAL INFORMATION

The OPA have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable and/unknown. Any buyer must carry out their own due diligence and rely on their own searches investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding to entering in to the exclusivity agreement on this property

BUYERS FEE

Buyer's Exclusivity Fee of 2% of The Purchase Price. Minimum Fee £3999. (All fees inclusive of VAT). T&Cs apply.

Please request information pack, Buyer’s Guide & FAQs.

Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance.

By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.

The OPA’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.

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

• 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?

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity Agreement. By entering into the exclusivity agreement and paying the Exclusivity Fee, this buys :

• 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

• 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 / Carry out your due diligence/ Ask questions/ Get legal/ financial advice if required.

Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do not require a viewing and offer without a viewing, you are doing so at your own risk)

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 -

Important notes:

Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice.

The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else.

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.

Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The OPA.

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.

In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a director of The Online Property Agency Ltd

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.