Retail Property (high street) for sale

High Street, Erdington, Birmingham, West Midlands, B23 6RH

Guide Price* £860,000

Property Description

Full description

Tenure: Freehold

Guide Price = £830,000 - £860,000

Unsold, but is available at £850,000

Property for auction on 19th October at 11:00 10 High Street (Pizza Shop). The Rental income is £10,400 and not state £12,480 per annum as stated in the catalogue.

Property Description:
An excellent Investment/Redevelopment opportunity comprising a parade of five Retail Shops with accommodation over, prominently situated fronting the High Street, occupying a rectangular shaped site, extending to a site area of approximately 0.38 acres (0.15 hectares) and including a range of single storey workshop premises to the rear.

The properties are of predominantly three storey traditional brick construction, surmounted by a pitched slate clad roofs. Two retail shops and one flat are currently let and the remainder of the building is vacant, requiring refurbishment and renovation throughout. The property is situated adjacent to a large vacant site containing a former car dealership and a furniture retail store and it is understood this site is earmarked for redevelopment.

Erdington comprises of a residential suburb located approximately three miles to the north of Birmingham City Centre, with a vibrant Town Centre and a densely populated residential catchment area and the properties are located to the northern section of the town centre with High Street (A5127) being the main arterial route linking Sutton Coldfield to Birmingham City Centre and providing a high level of passing trade from both local residents and commuters.

Tenancy Information:
10 High Street (Retail Shop): trading as a Pizza Restaurant and Takeaway, let on a lease expiring in February 2019, at a rental of £10,400 per annum.

14A High Street (Flat): let on an Assured Shorthold Tenancy at a rental of £600 per calendar month (£7,200 per annum, inclusive of bills).



16 High Street (Retail Shop): trading as a Newsagents, holding over at a rental £4,500 per annum.

Accommodation
Various parts of the property have not been inspected by the Auctioneers and we have relied on the accommodation details and dimensions stated on the Valuation Office Agency (VOA) Website.

8 High Street
Ground Floor: Retail Shop, Kitchen.

First Floor: Office, Storage, Staff Toilets.

Second Floor:Two Offices.

Net Internal Area: 143.4 sq.mtrs. (1,543 sq ft)
10 High Street
Ground Floor: Pizza Restaurant and Takeaway, Kitchen/Preparation Room, Rear Preparation Room including Cloakroom and wc.

Net Internal Area: 72.67 sq m (782 sq ft)

Flat 10A High Street
First Floor: Entrance Hall, Stairs and Landing, Lounge, Bedroom One, Kitchen (no fitments), Two Shower Rooms with wc's.

Second Floor: Stairs and Landing, Three Bedrooms.

12 High Street
Ground Floor: Retail Shop, Shop/Office, Middle Office, Rear Office with toilet and wc.
Net Internal Area: 36.87 sq m (396 sq ft)

12B High Street - Ground Floor Flat: Hallway, Bed/ Sitting Room, Kitchen, Shower Room, Cloakroom with wc and wash basin.



Rear Of 12 High Street: Workshop/Store
Net Internal Area: 63.1 sq m (679 sq ft)

12A High Street - First Floor Flat: Entrance Hall, Stairs and Landing, Lounge, Cloakroom with wc and wash basin, Bedroom One.

Second Floor: Stairs and Landing, Three Bedrooms.

14 High Street
Ground Floor: Retail Shop with Kitchen: 52.5 sq m (565 sq ft)

Flat 14A High Street
First Floor: Private Entrance off High Street, Stairs and Landing, Lounge, Kitchen, Bathroom with bath, wash basin and wc.
Second Floor: Stairs and Landing, Three Bedrooms.

16 High Street
Ground Floor: Retail Shop with Storage.
First Floor: Internal Storage
Net Internal Area: 97.8 sq m (1,052 sq ft)

Outside:
Rear: Vehicular access directly off High Street with passageway to rear car parking area, gardens and additional land containing several dilapidated buildings.

Total Site Area: 0.38 Acres (0.15 Hectares)

Legal Documents: Available at www.cottons.co.uk

Viewings: Via Cottons - 0121 247 2233


Nearest stations

  • Erdington (0.1 mi)
  • Chester Road (0.6 mi)
  • Gravelly Hill (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

0121 396 0665 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Erdington (0.1 mi)
  • Chester Road (0.6 mi)
  • Gravelly Hill (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Cottons, Auctions

Cavendish House, 359-361 Hagley Road, Edgbaston, Birmingham, B17 8DL

0121 396 0665 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Cottons, Auctions on 0121 247 2233.


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