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Commercial Property for sale

122 & 122a Hawthorn Road, Birmingham, B44 8PX

Guide Price* £275,000

Property Description

Key features

  • For sale by auction on Wednesday 24th October 2018
  • Freehold mixed use high street investment property
  • Fully let two storey mixed use investment property with lower ground storage, restaurant to ground floor and residential apartment to first floor level
  • Gross rent passing of 31,680 p.a.x.
  • Excellent asset management potential
  • Guide price of 275,000 for the Freehold interest

Full description

All pre-auction offers for the property will be considered. If a satisfactory offer is received, and exchange of contracts (by way of auction contract) takes place prior to 24th October 2018, then the property will be immediately withdrawn from the auction.

The property comprises a fully let, two storey mixed use investment property with lower ground storage, restaurant to ground floor and residential apartment to first floor level.

The lower ground is accessed via the rear of the property and currently utilised for storage. It provides clear and open storage space with two car parking spaces and is secured by way of electric roller shutter.

The ground floor restaurant benefits from a large glazed frontage with electric roller shutter, customer and staff WCs, commercially fitted kitchen with ancillary office and external courtyard to the rear. There are two off road car parking spaces to the front elevation.

The first floor apartment provides two bedrooms, lounge, fitted kitchen and bathroom. The apartment is centrally heated and double glazed.

Gross rent passing of 31,680 p.a. (including estimated Feed-In Tariff income).

In December 2016 a 10.66 kW Photovoltaic system was installed generating additional electricity income of approx. 5,400 p.a., supplementing the income receivable from the property. We understand there are approx..23 years unexpired on the panels and Feed-in Tariff contract. Further details are included within the Marketing Pack.

Location
The property is situated in a prominent position on Hawthorn Road on the outskirts of Sutton Coldfield. Part of a busy retail parade approx. 4 miles south-west of Sutton Coldfield town centre and 4.5 miles north of Birmingham City Centre.

Local occupiers include Aldi, Tesco, Coop, The Post Office, Greggs and Lloyds Pharmacy.

Tenure
We understand the property is held Freehold and is being sold subject to the existing tenancies as highlighted on the Tenancy Schedule.

Tenancy Schedule
See Marketing Pack in Virtual Tour tab.

EPC Rating of C

Planning
We understand the property has planning consent for its existing uses. Interested parties should rely on their own enquiries with Birmingham City Council.

Services
A new electrical system was installed in 2013 along with a new fire detection system. We understand that all mains services are available, however these services have not been tested. Interested parties should rely on their own enquiries.

Value Added Tax
All prices quoted are exclusive of VAT.

Viewings
Strictly by arrangement with the Auctioneers.

In Partnership with
GVA

Conditions of Sale
The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.

The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.


*Guide Prices and Reserve Prices
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, would ordinarily be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of Guide Price and Reserve Price go to www.sdlauctions.co.uk


Energy Performance Certificates
EPCs can be viewed in full on our website www.sdlauctions.co.uk on the sales details page or in the legal pack.


Note
Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or credit card deposits.

The sale of each lot is subject to a buyer's fee of 1074 (inc VAT) payable on the fall of the hammer.


Auction Fees
The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website, www.sdlauctions.co.uk or to find out more about any additional fees associated with this property please contact the auction office.


Nearest stations

  • Perry Barr (1.8 mi)
  • Witton (1.9 mi)
  • Erdington (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Bigwood, Birmingham

155 Great Charles Street Queensway Birmingham B3 3LP

0121 396 0363 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

  • Perry Barr (1.8 mi)
  • Witton (1.9 mi)
  • Erdington (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

SDL Auctions Bigwood, Birmingham

155 Great Charles Street Queensway Birmingham B3 3LP

0121 396 0363 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.

Disclaimer - Property reference HawthorneRoad122122a. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by SDL Auctions Bigwood, Birmingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* Average speeds are based on the download speeds of at least 50% of customers at peak time (8pm to 10pm) from packages available on comparethemarket.com. Speed can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. You can check the estimated speed to your property prior to purchasing. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. Providers may increase charges. You should have the right to exit your contract without penalty if this happens. The information is provided and maintained by Decision Technologies Limited.

*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 SDL Auctions Bigwood, Birmingham on 0121 233 5046.


Map data OpenStreetMap contributors.