Retail Property (high street) for saleQuartz, Great Hampton Street, Birmingham, West Midlands, B18 6BB
Guide Price* £225,000
- Long Leasehold Vacant Ground Floor Retail Unit (501sq.mtrs/5,401sq.ft)
Property for auction on 1st December at 11:00 We are advised that the property is elected for VAT at the current rate of 20%. The buyer will be responsible for payment of VAT in addition to the purchase price.
A substantial ground floor retail unit/showroom forming part of a modern seven storey residential and retail development known as the Quartz, prominently located fronting Great Hampton Street with full length return frontage to the access way serving the development and benefitting from two basement car parking spaces.
The property is currently in shell condition ready for fitting out and may have potential for subdivision into smaller retail units or change of use to offices or similar, subject to obtaining any necessary planning or freeholder's consents.
The property is located opposite the junction with Harford Street on the edge of the Jewellery Quarter and in an area undergoing significant regeneration and redevelopment which includes a number of modern apartment schemes, retail and leisure uses.
Great Hampton Street (B4100) provides direct access to Birmingham City Centre lying within approximately half a mile distance to the south east.
The property was developed as part of a scheme on a site known as the Former Lucas Buildings, following the granting of planning consent on 10th March 2003 for residential development with ground floor retail (Use Class A1) and food and drink (Use Class A3). The property may be suitable for a variety of uses and all interested parties should contact the planning department at Birmingham City Council to discuss any proposals prior to bidding.
Predominantly Rectangular Retail Unit in shell condition with predominantly glazed frontage/return frontage, extending to a gross internal area of 501sq.mtrs (5,401sq.ft)
The sale includes two car parking spaces known as Parking Space A & B located within a basement car parking area below the development.
Unit 1 The Quartz and Car Parking Space A & B are all held on separate Land Registry Titles on Lease Terms for 125 Years from 1 January 2005
Ground Rent & Services Charge: Refer to Legal Pack
Via Cottons 0121 247 2233
Available at www.cottons.co.uk
NOTE: THE PROPERTY IS BEING OFFERED FOR SALE ON THE INSTRUCTIONS OF THE ADMINISTRATORS OF MAR CITY DEVELOPMENTS LTD BEING SARAH RAYMENT AND SHAY BANNON OF BDO LLP WHO ACT AS AGENTS AND WITHOUT PERSONAL LIABILITY
Energy Performance Certificates (EPCs)
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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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