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Commercial investment opportunity in Fazeley

Fazeley, B78 - Get Access

1 bed 1 bath

Description

A freehold retail investment with living accommodation within a well-established neighbourhood location, generating a current rental income of £20,000 per annum. The property comprises a three-storey semi-detached building, operating as a long-established Chinese takeaway trading as Wong's. The ground floor features a main retail area with a trade counter and customer waiting space, leading to an open-plan commercial kitchen at the rear, alongside rear stores and preparation areas. Separate access from the rear leads to the living accommodation, which comprises a lounge and bedroom on the first floor, with two further rooms and a bathroom located on the second floor. The lease covers both the retail space and the living accommodation. Externally, the property benefits from a rear parking area, single-storey stores, and a staff WC, with potential for future extension subject to obtaining the necessary planning permissions. The property occupies a prominent corner position fronting Atherstone Street at its junction with New Street, close to the roundabout junction with Coleshill Street and Lichfield Street. Situated within a bustling neighbourhood shopping area alongside similar properties including a Tesco Express and close to the Fazeley Inn, the location offers a diverse mix of retail, commercial, and residential uses, benefiting from an excellent immediate catchment area for trade.
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