
FOR SALE
09/02/26
3638
Capehill / Rightbiz
Description
Semi-commercial investment comprising a fully let ground-floor commercial unit with five self-contained residential flats above, producing a gross annual rental income of £78,600.
Details:
Type: Mixed-Use – 1 Commercial Units with 5 Self-Contained Flats Above
Income: £78,600 per annum
Location: Cape Hill, Smethwick, B66
Tenancy Information
Commercial Tenancy - £30,000 p/a
The five self contained flats are individually let under ASTs, generating £48.600 annually.
Dimensions
Cape Hill Company Limited - 403 Square Meters
Flat 1 - 40 Square Meters
Flat 1A - 37 Square Meters
Flat 1B - 48 Square Meters
Flat 1C - 37 Square Meters
Flat 1D - 46 Square Meters
Tenure
This property is believed to be a freehold.
VAT
It is believed that VAT is not payable.
Services
None of the appliances and/or services have been tested and we advise any incoming buyer(s) to conduct their own assessments or tests.
Legal Costs
Each party is liable for their own legal and conveyancing costs.
EPC
See attachments
Buyer Fees
A fee of 1% plus VAT is payable by the buyer upon the acceptance of an offer.
Further, any potential buyer will also be required to pay a 5% non-refundable deposit upon the issue of heads of terms.
Anti-Money Laundering
To comply with the Anti Money Laundering Regulations 2017, all clients and parties will be asked to verify their identify and address. For limited companies, this applies to all directors and shareholders that hold more than 25% ownership.
Disclaimer
Although we have made every effort to ensure the information in this brochure is accurate, we encourage all interested parties to verify the details, including the description and floorplan, through inspection or other means. Any fixtures and fittings mentioned should be considered excluded from the sale unless explicitly stated. We have not tested any appliances or services and cannot guarantee their functionality.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.