Guide price£1,500,000
Added > 14 days
Property for sale
High Street, 166,167,168,169, Flats 1-7, Eley Ct, Halesowen St
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01206 915959
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bath
Property description & features
For Sale - An investment opportunity to acquire a mixed-use development of retail shops with residential accommodation above fronting both High Street and Halesowen Street in Blackheath town centre. The total rent is £123,270 per annum.
ACCOMMODATION The accommodation briefly comprises:-
RETAIL UNITS:-
NO. 5 HIGH STREET - Ground floor lock-up shop
RETAIL AREA: Frontage: 4.73m max. (3.83m min. width) x 7.22m plus bay
With display window and central entrance door, sink unit to the rear bay. WASHROOM: with w.c. and wash hand basin.
NO. 6 HIGH STREET - Ground floor lock-up shop
RETAIL SHOP AREA: (Front): 3.45m x 7.35m
SEPARATE W.C. and wash hand basin.
NO. 166 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 4.47m wide x 9.06m
KITCHENETTE/LOBBY: 3.36m x 1.59m
Base unit with sink.
SEPARATE W.C.
NO. 167 HALESOWEN STREET
RETAIL SHOP AREA: 4.02m min. (4.06m max.) x 9.30m KITCHENETTE/LOBBY: 3.00m x 1.57m
Base unit with sink.
SEPARATE W.C.
NO. 168 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 4.29m x 9.18m KITCHENETTE/LOBBY: 3.09m x 1.68m
Base unit with sink.
SEPARATE W.C.
NO. 169 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 3.63m max. width x 7.77m depth
SEPARATE W.C.
RESIDENTIAL FLATS
FLATS 1 - 5 (Maisonettes)
ALL APPROACHED VIA AN EXTERNAL STAIRCASE WITH MAIN FRONT DOORS AT FIRST FLOOR LEVEL
KITCHEN, LIVING/DINING ROOM, W.C. AND STORE
STAIRS TO FIRST FLOOR
BEDROOM, SHOWER ROOM AND STORE.
FLAT 5A (FIRST FLOOR)
LIVING/DINING/KITCHEN, BEDROOM WITH ENSUITE SHOWER ROOM
FLAT 6B (FIRST FLOOR)
LIVING/DINING/KITCHEN, BEDROOM & BATHROOM
FLAT 6C (SECOND FLOOR)
KITCHEN/DINING/LIVING, BEDROOM, BATHROOM & STUDY
FLAT 6 (FIRST FLOOR - STUDIO APARTMENT)
STUDIO FLAT WITH LARGE OPEN-PLAN LIVING SPACE, KITCHEN, WALK-IN-WARDROBE AND SHOWER ROOM.
FLAT 7 (FIRST FLOOR - STUDIO APARTMENT)
STUDIO FLAT WITH LARGE OPEN-PLAN LIVING SPACE, KITCHEN, WALK-IN-WARDROBE AND SHOWER ROOM.
OUTSIDE
SHARED COURTYARD PROVIDING ACCESS FROM HIGH STREET AND HALESOWEN STREET INCLUDING METER CUPBOARD AND STAIRCASE TO RESIDENTIAL ACCOMMODATION. THE BIN STORE WILL BE INCLUDED IN THE LONG LEASEHOLD OF THE SHOP RETAINED BY THE VENDOR (6A HIGH STREET) (SEE NOTE 2).
TENURE We understand the property is held freehold.
No. 5 - £8,950 pa - 3 years from 5th August 2022
No. 6 - £9,500 pa - 6 years from 29th September 2023
No. 166 - £9,500 pa - 6 years from 19th July 2021
No. 167 - £9,500 pa -3 years from 9th April 2021
No. 168 - £9,500 pa - 6-years from 27th August 2021
No. 169 - £6,960 pa - 3-years from 27th August 2021
Annual Income of Commercial Properties: £53,910
All residential flats are let on assured shorthold tenancies.
Flat 1 - £7,200 pa
Flat 2 - £7,200 pa
Flat 3 - £6,300 pa
Flat 4 - £7,200 pa
Flat 5 - £7,200 pa
Flat 6 - £6,300 pa
Flat 7 - £6,300 pa
Flat 5A - £6,720 pa
Flat 6B - £7,140 pa
Flat 6C - £7,800 pa (currently in the process of being let)
Annual Income of Residential Flats: £69,360
TOTAL COMBINED INCOME: £123,270 PER ANNUM
SERVICE CHARGE
A service charge is levied in respect of communal waste disposal, cleaning of the common yard, CCTV surveillance and building insurance.
As soon as practicable after each Accounting Date, the landlord will prepare an account showing the Service Cost for that Financial Year and containing a fair summary of expenditure and will send a copy of the account to the tenant.
Copy of the most recent service charge budget can be provided upon request.
SERVICES
No. 5 - Mains electric and water.
No. 6 - Mains electric and water.
No. 166 - Mains electric and water.
No. 167 - Mains electric and water.
No. 168 - Mains electric and water.
No. 169 - Mains electric and water.
Flat 1 Eley Court - Mains electric, gas and water.
Flat 2 Eley Court - Mains electric, gas and water.
Flat 3 Eley Court - Mains electric, gas and water.
Flat 4 Eley Court - Mains electric, gas and water.
Flat 5 Eley Court - Mains electric, gas and water.
Flat 6 Eley Court - Mains electric and water.
Flat 7 Eley Court - Mains electric and water.
Flat 5A - Mains electric and water.
Flat 6B - Mains electric and water.
Flat 6C - Mains electric and water.
The Agents have not tested any apparatus equipment, fixtures, fittings or services and cannot verify they are in working order or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor.
RETAIL SHOPS RATING ASSESSMENT
No. 5 - £4,950 (From 1st April 2023)
No. 6 - £5,000 (From 1st April 2023)
No. 166 - £4,650 (from 1st April 2023)
No. 167 - £4,250 (from 1st April 2023)
No. 168 - £4,650 (from 1st April 2023)
No. 169 - £4,650 (from 1st April 2023)
RESIDENTIAL COUNCIL TAX BAND
Flat 1 - A
Flat 2 - A
Flat 3 - A
Flat 4 - A
Flat 5 - A
Flat 5A - A
Flat 6 - A
Flat 6B - A
Flat 6C - A
Flat 7 - A
Where provided the Agent has made an online enquiry with the Valuation Office website and this information should be verified by interested parties making their own enquires.
ENERGY PERFORMANCE
No. 5 - E (101) - Valid until 28 May 2028
No. 6 - E (118) - Valid until 29 March 2026
No. 166 - C (60) - Valid until 11 February 2026
No. 167 - C (61) - Valid until 11 February 2026
No. 168 - C (65) - Valid until 11 February 2026
No. 169 - C (62) - Valid until 11 February 2026
Flat 1 - B (82) - Valid until 1 March 2026
Flat 2 - B (85) - Valid until 1 March 2026
Flat 3 - B (85) - Valid until 1 March 2026
Flat 4 - B (85) - Valid until 1 March 2026
Flat 5 - B (82) - Valid until 1 March 2026
Flat 5A - C (70) - Valid until 12 March 2030
Flat 6 - C (79) - Valid until 1 March 2026
Flat 6B - E (46) - Valid until 11 December 2028
Flat 6C - E (49) - Valid until 5 February 2029
Flat 7 - C (79) - Valid until 1 March 2026
Copies of Energy Performance Certificates available upon request.
FIXTURES AND FITTINGS
All residential flats include fitted kitchens with oven, hob and extractor hood.
VAT
All figures quoted are exclusive of VAT where applicable.
MONEY LAUNDERING REGULATIONS:
In order to comply with Money Laundering Regulations, all prospective purchasers are required to provide the following - 1. Satisfactory photographic identification. 2. Proof of address/residency. 3. Verification of the source of purchase funds including bank statements for deposits in order to purchase and copy of mortgage agreement in principle from the appropriate lender. In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.
VIEWING Strictly by prior appointment through Agents Scriven & Co. Commercial on[use Contact Agent Button].
NOTE:
1. Information was correct as at the 14th February 2024
This is subject to change should tenants vacate or tenancies be renewed.
2. The vendor currently occupies number 6a High Street, Rowley Regis (hatched grey on the enclosed plan). On completion of any sale, there will be a lease back in relation to 6a for a term of 125 years at a peppercorn ground rent (with no restriction on the sale or subletting of the said leasehold interest). The leaseholder will continue to pay a fair proportion of the service charge and be responsible for internal and external repairs.
(Details revised 14th February 2024)
ACCOMMODATION The accommodation briefly comprises:-
RETAIL UNITS:-
NO. 5 HIGH STREET - Ground floor lock-up shop
RETAIL AREA: Frontage: 4.73m max. (3.83m min. width) x 7.22m plus bay
With display window and central entrance door, sink unit to the rear bay. WASHROOM: with w.c. and wash hand basin.
NO. 6 HIGH STREET - Ground floor lock-up shop
RETAIL SHOP AREA: (Front): 3.45m x 7.35m
SEPARATE W.C. and wash hand basin.
NO. 166 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 4.47m wide x 9.06m
KITCHENETTE/LOBBY: 3.36m x 1.59m
Base unit with sink.
SEPARATE W.C.
NO. 167 HALESOWEN STREET
RETAIL SHOP AREA: 4.02m min. (4.06m max.) x 9.30m KITCHENETTE/LOBBY: 3.00m x 1.57m
Base unit with sink.
SEPARATE W.C.
NO. 168 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 4.29m x 9.18m KITCHENETTE/LOBBY: 3.09m x 1.68m
Base unit with sink.
SEPARATE W.C.
NO. 169 HALESOWEN STREET
RETAIL SHOP AREA: (Front): 3.63m max. width x 7.77m depth
SEPARATE W.C.
RESIDENTIAL FLATS
FLATS 1 - 5 (Maisonettes)
ALL APPROACHED VIA AN EXTERNAL STAIRCASE WITH MAIN FRONT DOORS AT FIRST FLOOR LEVEL
KITCHEN, LIVING/DINING ROOM, W.C. AND STORE
STAIRS TO FIRST FLOOR
BEDROOM, SHOWER ROOM AND STORE.
FLAT 5A (FIRST FLOOR)
LIVING/DINING/KITCHEN, BEDROOM WITH ENSUITE SHOWER ROOM
FLAT 6B (FIRST FLOOR)
LIVING/DINING/KITCHEN, BEDROOM & BATHROOM
FLAT 6C (SECOND FLOOR)
KITCHEN/DINING/LIVING, BEDROOM, BATHROOM & STUDY
FLAT 6 (FIRST FLOOR - STUDIO APARTMENT)
STUDIO FLAT WITH LARGE OPEN-PLAN LIVING SPACE, KITCHEN, WALK-IN-WARDROBE AND SHOWER ROOM.
FLAT 7 (FIRST FLOOR - STUDIO APARTMENT)
STUDIO FLAT WITH LARGE OPEN-PLAN LIVING SPACE, KITCHEN, WALK-IN-WARDROBE AND SHOWER ROOM.
OUTSIDE
SHARED COURTYARD PROVIDING ACCESS FROM HIGH STREET AND HALESOWEN STREET INCLUDING METER CUPBOARD AND STAIRCASE TO RESIDENTIAL ACCOMMODATION. THE BIN STORE WILL BE INCLUDED IN THE LONG LEASEHOLD OF THE SHOP RETAINED BY THE VENDOR (6A HIGH STREET) (SEE NOTE 2).
TENURE We understand the property is held freehold.
No. 5 - £8,950 pa - 3 years from 5th August 2022
No. 6 - £9,500 pa - 6 years from 29th September 2023
No. 166 - £9,500 pa - 6 years from 19th July 2021
No. 167 - £9,500 pa -3 years from 9th April 2021
No. 168 - £9,500 pa - 6-years from 27th August 2021
No. 169 - £6,960 pa - 3-years from 27th August 2021
Annual Income of Commercial Properties: £53,910
All residential flats are let on assured shorthold tenancies.
Flat 1 - £7,200 pa
Flat 2 - £7,200 pa
Flat 3 - £6,300 pa
Flat 4 - £7,200 pa
Flat 5 - £7,200 pa
Flat 6 - £6,300 pa
Flat 7 - £6,300 pa
Flat 5A - £6,720 pa
Flat 6B - £7,140 pa
Flat 6C - £7,800 pa (currently in the process of being let)
Annual Income of Residential Flats: £69,360
TOTAL COMBINED INCOME: £123,270 PER ANNUM
SERVICE CHARGE
A service charge is levied in respect of communal waste disposal, cleaning of the common yard, CCTV surveillance and building insurance.
As soon as practicable after each Accounting Date, the landlord will prepare an account showing the Service Cost for that Financial Year and containing a fair summary of expenditure and will send a copy of the account to the tenant.
Copy of the most recent service charge budget can be provided upon request.
SERVICES
No. 5 - Mains electric and water.
No. 6 - Mains electric and water.
No. 166 - Mains electric and water.
No. 167 - Mains electric and water.
No. 168 - Mains electric and water.
No. 169 - Mains electric and water.
Flat 1 Eley Court - Mains electric, gas and water.
Flat 2 Eley Court - Mains electric, gas and water.
Flat 3 Eley Court - Mains electric, gas and water.
Flat 4 Eley Court - Mains electric, gas and water.
Flat 5 Eley Court - Mains electric, gas and water.
Flat 6 Eley Court - Mains electric and water.
Flat 7 Eley Court - Mains electric and water.
Flat 5A - Mains electric and water.
Flat 6B - Mains electric and water.
Flat 6C - Mains electric and water.
The Agents have not tested any apparatus equipment, fixtures, fittings or services and cannot verify they are in working order or fit for their purpose. The buyer is advised to obtain verification from their solicitor or surveyor.
RETAIL SHOPS RATING ASSESSMENT
No. 5 - £4,950 (From 1st April 2023)
No. 6 - £5,000 (From 1st April 2023)
No. 166 - £4,650 (from 1st April 2023)
No. 167 - £4,250 (from 1st April 2023)
No. 168 - £4,650 (from 1st April 2023)
No. 169 - £4,650 (from 1st April 2023)
RESIDENTIAL COUNCIL TAX BAND
Flat 1 - A
Flat 2 - A
Flat 3 - A
Flat 4 - A
Flat 5 - A
Flat 5A - A
Flat 6 - A
Flat 6B - A
Flat 6C - A
Flat 7 - A
Where provided the Agent has made an online enquiry with the Valuation Office website and this information should be verified by interested parties making their own enquires.
ENERGY PERFORMANCE
No. 5 - E (101) - Valid until 28 May 2028
No. 6 - E (118) - Valid until 29 March 2026
No. 166 - C (60) - Valid until 11 February 2026
No. 167 - C (61) - Valid until 11 February 2026
No. 168 - C (65) - Valid until 11 February 2026
No. 169 - C (62) - Valid until 11 February 2026
Flat 1 - B (82) - Valid until 1 March 2026
Flat 2 - B (85) - Valid until 1 March 2026
Flat 3 - B (85) - Valid until 1 March 2026
Flat 4 - B (85) - Valid until 1 March 2026
Flat 5 - B (82) - Valid until 1 March 2026
Flat 5A - C (70) - Valid until 12 March 2030
Flat 6 - C (79) - Valid until 1 March 2026
Flat 6B - E (46) - Valid until 11 December 2028
Flat 6C - E (49) - Valid until 5 February 2029
Flat 7 - C (79) - Valid until 1 March 2026
Copies of Energy Performance Certificates available upon request.
FIXTURES AND FITTINGS
All residential flats include fitted kitchens with oven, hob and extractor hood.
VAT
All figures quoted are exclusive of VAT where applicable.
MONEY LAUNDERING REGULATIONS:
In order to comply with Money Laundering Regulations, all prospective purchasers are required to provide the following - 1. Satisfactory photographic identification. 2. Proof of address/residency. 3. Verification of the source of purchase funds including bank statements for deposits in order to purchase and copy of mortgage agreement in principle from the appropriate lender. In the absence of being able to provide appropriate physical copies of the above, Scriven & Co reserves the right to obtain electronic verification of identity.
VIEWING Strictly by prior appointment through Agents Scriven & Co. Commercial on[use Contact Agent Button].
NOTE:
1. Information was correct as at the 14th February 2024
This is subject to change should tenants vacate or tenancies be renewed.
2. The vendor currently occupies number 6a High Street, Rowley Regis (hatched grey on the enclosed plan). On completion of any sale, there will be a lease back in relation to 6a for a term of 125 years at a peppercorn ground rent (with no restriction on the sale or subletting of the said leasehold interest). The leaseholder will continue to pay a fair proportion of the service charge and be responsible for internal and external repairs.
(Details revised 14th February 2024)
Property information from this agent
Places of interest
01206 915959
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A family run estate agents and Chartered Surveyors, of three generations, founded in 1937. Conveniently situated on the border of Quinton, Halesowen & Oldbury , we provide property related services in respect of both residential and commercial property. This include; sales, lettings and management, as well as valuations, different types of surveys, and the sale of land and new home developments. Our background The company was founded in 1937 by the late A J W Scriven FALPA (Jack Scriven), and soon established itself in the Black Country and the West Midlands. Martin Scriven B.Sc. (val.Est.Man.) FRICS, (son of the Founder) joined the company in 1978, and worked for the firm up until 2020, when at this time he became the firm's consultant. In September 2007 Gordon Tibbetts FARLA was appointed director, with Martin's sons George Scriven AssocRICS FNAEA, and Charles Scriven MRICS ARLA also becoming directors in 2015. Kevin Davis MRICS, Jon Dunbar FARLA, Nicola Stevens ARLA, and Andrew Thomas MAAT are also associates of the company, and work within the Commercial and Surveys, Property Management, and Accounts departments respectively. Irma Deeming is the firm's business manager. Qualifications and memberships It is important to be aware that not all Estate Agents are regulated or are members of professional organisations. Engaging such an agent could leave you at risk. As members of the RICS (The Royal Institution of Chartered Surveyors), and the NAEA/ARLA Propertymark (National Association of Estate Agents &The Association of Residential Letting Agents), we are members of the leading professional bodies that set the industry standards, ensure legal compliance, and also guarantee that all client money is protected. Choosing your Estate Agent Each of the departments (Residential Sales, Residential lettings, Commercial & Surveys, and Accounts) comprise experienced staff members dedicated to providing the best service as possible. By not mixing each team with other departments, this enables to you have consistent and efficient communication with the same person(s). You will find that all of our staff are very approachable and will always be happy to speak to you. We pride ourselves on giving a very personal and highly professional service, and we believe that good communication is vital. With over 82 years of selling, letting and managing properties within the local and surrounding areas, and staff living within the areas we operate, Scriven & Co are extremely well equipped with the required experience and local knowledge to be your agent, whether it be to find a suitable tenant, make sure we do the right things to get the best price for your home, or give you the right advice for you to sell your property as quickly as possible. If you would like to know more about one of our many services please get in touch so that we can arrange for an appointment to come and see you, at a time to suit you. Our free of charge residential property appraisals are no obligation, and we can explain more about our competitive and professional services that are flexible to suit you. We aim to provide a professional service of the highest standard, with honesty and integrity, at a competitive price.
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*DISCLAIMER
Property reference 32381293. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Scriven & Co - Quinton.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.