0 bed (for sale) Rookery Road, Handsworth, Birmingham B21

£630,000
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published

20th Aug 2022

Last Published

23rd Aug 2022

 

Features

  • Type:
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Description (All measurements are approx.)


Description


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

Residential Accommodation - 2023.62 Sqft / 188 SqM

First Floor

Bed 1

Bed 2

Bed 3 (With En-suite and Tea Station)

Bed 4 (With En-suite and Tea Station)

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 producing a solid 8% net rental yield. 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 break

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


Viewings


Please contact The Online Property Agency for viewings.


Buyers fee


Buyer's Reservation Fee of 2% (inclusive of VAT) of The Purchase Price. Minimum Fee £2400. 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.

Please note this is a non-refundable exclusivity fee in addition to the purchase price.

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.

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

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.

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

 

Local info for B21

Floor plan

 

Property Value Data/Graphs for B21

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Terraced house 54.5% £168,900 3.1 1.3
Semi-detached house 29.5% £214,608 3.1 1.3
End terrace house 10.2% £191,106 3.7 1.2
Detached house 3.4% £333,317 3.7 2
Other 2.3% £304,475 5 0

Area Information

Average Price Paid

£131,219

Sales

1032

Current Average Value

£193,362

Value Change

£62,143 47.4%

 

Current Asking Prices in B21 Average: £193,362

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £224,998 (2) £126,450 (13) £178,542 (49) £254,518 (11) £259,967 (3)
Flats - - - - -
All £224,998 (2) £126,450 (13) £178,542 (49) £254,518 (11) £259,967 (3)

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6 bed Detached house () Roman Road, Little Aston, Sutton Coldfield B74 £2,950,000
5 bed Detached house () Hillwood Road, Sutton Coldfield B75 £2,775,000
2 bed Flat () Apartments, Holloway Head, Birmingham B1 £2,772,245
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