Golden Cross Lane, Catshill, Bromsgrove, B61 0JZ

Features

• COMMERCIAL AND RESIDENTIAL
• PROMINENT POSITION
• FULLY LET
• CURRENT INCOME £35,680 PA
• FORECOURT CAR PARKING
• ASSET MANAGEMENT POTENTIAL

LOCATION

The Property is located in the centre of Catshill, which is a popular village approximately 2.5 miles north of Bromsgrove Town Centre. The Property benefits from a prominent frontage on to Golden Cross Lane within the local shopping parade, which includes a variety of predominantly independent businesses.

Transport links are excellent with the M42 and the M5 being readily accessible via the A38, which is half a mile to the east. Birmingham City Centre is approximately 14 miles to the northeast.

DESCRIPTION

The Property comprises a two-storey mixed-use terrace with residential accommodation above the Commercial Space. The Property is of traditional cavity brick construction and a ridged and pitched pan-tile roof with the windows being a mixture of UPVC framed double glazing and aluminium framed single glazing.

The Commercial Units are occupied by a mixture of retail, tattoo studio and takeaway uses.

The Flats are accessed via a separate stairwell, leading to a shared landing, with both flats having a double bedroom, lounge, kitchen and bathroom/WC.

The Property benefits from tarmac surfaced car park to the front.

The Gross Internal Area (GIA) extends to approximately 3,421 sq ft (301 sq m). The total Site Area is approximately 0.1 acres (0.4 hectares).

TENURE

Freehold, subject to the following Tenancies:

143 Golden Cross Lane - Let to Little Bengal at an Annual Rent of £10,000 expiring 30th June 2026.

145 Golden Cross Lane - Let to Age UK at an Annual Rent of £6,000, currently holding over.

147 Golden Cross Lane - Let to Given to Fly at an Annual Rent of £9,000, currently holding over.

Flat 1 - Let on an Assured Shorthold Tenancy (AST) at a rent of £495 pcm.

Flat 2 - Let on an Assured Shorthold Tenancy (AST) at a rent of £495 pcm.

The Gross Rental Income is £36,680 per annum.

SERVICES

All mains services are available.

ASKING PRICE

£500,000 (No VAT)

ENERGY PERFORMANCE CERTIFICATES

Available on application.

RATEABLE VALUES

143 Golden Cross Lane - £6,700

145 Golden Cross Lane - £6,000

147 Golden Cross Lane - £9,700

COUNCIL TAX

The Flats are Band A.