This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Freehold
- Kitchen Area
- Retail Area
- UNDERTHEHAMMER.COM
- Busy High Street Location
- FREEHOLD
- Storage Area
VIEWING DAYS & TIME:
Please enquire for viewing availability.
A RARE opportunity to acquire a freehold commercial premises with potential to create multiple apartments above and to the rear of this substantial High Street building. Located in a prime position of Bearwood Road surrounded by blue chip companies, having one of the highest footfall for a high street in Birmingham.
Located close to Hagley Road having excellent links into and around Birmingham City Centre with constant public transport passing the premises every 10 minuets.
The property is currently part let (downstairs) on a Seven year FRI lease to a carpet shop, the rent will be as followed:
First Year (commencing June 2023): £30,000 PA
Second Year (commencing June 2024): £35,000 PA
Third Year+ (commencing June 2025): Rent review at market rent.
The upstairs of the property is accessed via a separate entrance from Bearwood Road which leads upto two floors or previous office space which would be ideal for a residential conversion on the first and second floors.
The commercial unit consists of a large retail frontage with a storage room located at the back with access via a rear service road ideal for unloading.
Please note that the completion date for this property will not be effected by the Christmas period.
BIDDING
For bidding please visit: underthehammer. com
*START PRICES & RESERVE PRICES
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.
EPC
EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.
UNCONDITIONAL AUCTION DETAILS
Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.
Completion will be 8 weeks. (56 days)
Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.
FULL TERMS & LEGAL DOCUMENTATION
Available at underthehammer. com
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 2740. 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 Royal Estates - Bearwood.
OnTheMarket may have applied supplementary data to this property listing, including:
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.