14 Atherstone Street, Fazeley, Tamworth

Description

The property comprises a three-storey semi-detached property operating as a long-established Chinese takeaway, trading as Wong's. It is a freehold retail investment with living accommodation within a well-established neighbourhood location.

Accommodation

Ground floor main retail area with trade counter and customer waiting area, open-plan commercial kitchen, rear stores and preparation areas. Separate rear access leads to living accommodation comprising a lounge and bedroom on the first floor, with a further two rooms and bathroom on the second floor. Outside there is a rear parking area, single-storey stores and staff WC.

Location

The property occupies a prominent corner position fronting Atherstone Street at its junction with New Street, near the roundabout junction with Coleshill Street and Lichfield Street. It is within a neighbourhood shopping area close to a Tesco Express and the Fazeley Inn, with a mix of retail, commercial and residential uses nearby.

Tenure / Property Information

Investment Analysis

The £170,000+ guide provides an auction pricing reference, not a formal market value. The available sold evidence includes materially different property types and does not establish a reliable value for this freehold takeaway with living accommodation. The £6,208 pcm asking rent relates to commercial property on Atherstone Street but is not confirmed as the subject property's rent or an achieved rent. The new 20-year lease, tenant covenant, passing rent and full legal terms require verification before bidding.

Investment Snapshot

Strategy Recommendation

Consider only as a commercial income investment if the legal pack confirms the new FRI lease, rent, tenant covenant and absence of adverse special-condition costs. Do not bid on yield or refinance assumptions until the rent and valuation are verified.

Works Required

No physical defects or refurbishment requirements are evidenced. Allow for normal inspection and maintenance only after confirming the condition of the retail areas, kitchen, stores, living accommodation, parking and external structures. Legal review should verify the new FRI lease, rent, tenant covenant, repairing obligations and any special-condition costs.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis cannot be supported without a reliable subject-property rent, market value/GDV, tenant covenant information and finance assumptions. The proposed new 20-year FRI lease may support an income-investment strategy, but the lease and rent must be verified before relying on refinance value.

Buy-to-Let Analysis

This is a commercial investment rather than a standard residential BTL. A yield cannot be established because no subject-property passing rent or rent reserved under the new lease is supplied. The £6,208 pcm figure is only an advertised asking rent for commercial property in Atherstone Street and cannot be attributed to this property.

Flip Analysis

A flip cannot be quantified because there is no reliable subject-property GDV, refurbishment budget or supported selling-cost allowance. The property is presented as an income-producing commercial investment with a proposed long lease, rather than a refurbishment-led resale opportunity.

Investor Risks & Due Diligence

• Subject-property rent and tenant covenant are not supplied, preventing reliable yield analysis.

• The new 20-year FRI lease and rent reviews require legal and commercial verification.

• The available sold comparables are different property types and do not provide a reliable direct valuation.

• Additional costs may be payable under the special conditions and are not quantified.

• The advertised £6,208 pcm rental figure is not confirmed as the subject property's rent or an achieved rent.

• The property includes commercial kitchen and living accommodation, so use, compliance and condition should be checked in the legal and physical due diligence.

Recommendation

Consider only as a commercial income investment if the legal pack confirms the new FRI lease, rent, tenant covenant and absence of adverse special-condition costs. Do not bid on yield or refinance assumptions until the rent and valuation are verified.

Strategy Rating

Analysis Confidence

The property description, tenure, proposed lease structure, guide and administration charge are supplied, but there is no subject-property rent, reliable directly comparable valuation, condition budget, tenant covenant information or complete special-conditions cost schedule.