commercial & residential investment 28-29 tenby street ... · the property is located on tenby...
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On behalf of M J Cowlishaw & D J Langton, Joint Administrators
Commercial & Residential Investment
28-29 Tenby Street, Hockley, Birmingham, B1 3EE
Location
The property is located on Tenby Street, in the JewelleryQuarter area of Birmingham, circa one mile northwest ofBirmingham city centre. The surrounding areacomprises predominantly offices/workshops andresidential uses.
Tenby Street is well placed for all local amenities, accessto the national motorway network via the A4540 and islocated within close proximity to the Jewellery Quarterrailway and Midland Metro stations.
Description
The property comprises a three storey property situatedaround a central courtyard, with three ground floorretail/office units and six apartments at first and secondfloor levels.
The ground floor accommodation comprises aretail/office unit fronting on to Tenby Street and twobeauticians/clinic units, plus an annex, accessed fromthe central courtyard.
Tenure
Freehold.
Income
The gross rental income currently produced is £47,400per annum. With the two vacant flats re-let, the totalincome could be circa £64,500 per annum (i.e. £53,700from the apartments alongside the £10,800 commercialrent). A tenancy schedule is provided below.
Guide Price
Offers in excess of £1.2 million are invited on anunconditional basis.
EPCEPC copies are available upon request.
VATWe understand that VAT is not chargeable on the sale.
Freehold Commercial & Residential Investment Opportunity
DISCLAIMERThe material herein is intended as a guide only, no liability for negligence or otherwise isassumed for the material contained herein by Jones Lang LaSalle, its principal or its servants or its agents. No material contained herein shall form the basis of or be part of any agreement and no warranty is given or implied as to the accuracy of the whole or any part of the material. Prospective purchasers/tenants should not rely on the material but should make their own enquiries and satisfy themselves of all aspects of the material. Any liability by Jones Lang LaSalle, its principal, its servants or its agents in any way connected with the brochure, whether or not such liability results from or involves negligence, will not exceed $1000.00.
For more information and access arrangements please contact:
Harry Ward
0121 214 9904
Vicky Beach
0121 214 9872
Rose Treasure
0121 214 9905
Laura Allen
0121 214 9937
Unconditional Offers Invited
Subject to Contract
jll.com
Unit Sq ft Tenant Initial Term Start End Annual Rent
Unit 1 430 Mr Thangaraj Ravindran, Orosolis Europe Limited 3 years 1.6.2014 31.5.2017 £6,000
Unit 2 498 Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £1,800
Unit 3 336 Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £2,400
Service Room/Annex - Miss Couture Birmingham Limited 7 years 30.9.2015 29.9.2022 £600
Flat 1 1 bed Miss Juliet Carmen Teksnes 12 months 16.7.2014 Statutory Periodic £7,500
Flat 2 2 bed Mr Gideon Brett & Mr Elisha Chung 12 months 5.8.2016 4.8.2017 £9,900
Flat 3 2 bed Miss Sian Marks & Mr Matthew Newton-Syms 12 months 11.2.2017 10.2.2018 £9,600
Flat 4 1 bed Vacant - - - £7,500**
Flat 5 2 bed Mr Tim Smith & Mr Juan Pablo Honorato 12 months 12.09.2016 11.09.2017 9,600
Flat 6 2 bed Vacant - - - £9,600**
Total 1,264**All floor areas are approximate and are for illustration only
**Potential Income £64,500**
Accommodation & Tenancy Schedule