Studio flat for sale
High Street, Rowley Regis
studio Flat
Property photos
+4
Property description
MIXED USE INVESTMENT
Situated on the busy main Black Heath High Street, this mixed use investment property comprises of a ground floor retail unit currently trading as Taste of Himalayan which is a hot food restaurant with take out service, whilst at first floor level is a self contained flat. The premises offers a good investment opportunity with income of £11,400.00 per annum with a yield in excess of 8% based upon guide. A rent review in November 2025 will increase the yield still further.
The property has not been inspected by the Auctioneer but is believed to comprise :
Ground Floor
Restaurant Area, Servery, Kitchen/Prep Room, W.C.. This is let on a Lease commencing 25/10/22 at a rent of £7,800.00 per annum. A rent review is due on 1st November 2025 where the rent will increase to £9,000 .00per annum.
First Floor Flat
Believed to comprise: Lounge/Bedroom, Shower Room, Kitchen.Let on an Assured Shorthold Tenancy from 3/12/2017 at £300.00 per calendar month.
Viewing
Unfortunately we are unable to offer any viewings.
Additional Fees
Buyer's Premium - 1% plus vat (minimum £2,400 inc vat) Administration Charge - £1200 inc VAT payable on exchange of contracts.Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Council Tax Band: A
Tenure: Freehold
Situated on the busy main Black Heath High Street, this mixed use investment property comprises of a ground floor retail unit currently trading as Taste of Himalayan which is a hot food restaurant with take out service, whilst at first floor level is a self contained flat. The premises offers a good investment opportunity with income of £11,400.00 per annum with a yield in excess of 8% based upon guide. A rent review in November 2025 will increase the yield still further.
The property has not been inspected by the Auctioneer but is believed to comprise :
Ground Floor
Restaurant Area, Servery, Kitchen/Prep Room, W.C.. This is let on a Lease commencing 25/10/22 at a rent of £7,800.00 per annum. A rent review is due on 1st November 2025 where the rent will increase to £9,000 .00per annum.
First Floor Flat
Believed to comprise: Lounge/Bedroom, Shower Room, Kitchen.Let on an Assured Shorthold Tenancy from 3/12/2017 at £300.00 per calendar month.
Viewing
Unfortunately we are unable to offer any viewings.
Additional Fees
Buyer's Premium - 1% plus vat (minimum £2,400 inc vat) Administration Charge - £1200 inc VAT payable on exchange of contracts.Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Council Tax Band: A
Tenure: Freehold
Council tax
First listed
Over a month agoHigh Street, Rowley Regis
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Monthly repayment
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High Street, Rowley Regis - Streetview
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