300 - 302 Stratford Road, Sparkhill, Birmingham, West Midlands, B11 1AA

Guide Price = £700,000 - £750,000

Property for auction on 19th February at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Completion will be three months from the date of exchange of contracts being 19th May 2025

Property Description:
A valuable commercial investment opportunity, prominently situated fronting Stratford Road, close to the Junction with Walford Road and providing extensive accommodation over three floors and extending to the rear which is accessed by a right of way.

The property comprises a ground floor Pizza Takeaway and Restaurant with first floor ancillary accommodation, a Barber's Shop, a rear Function Room and separately accessed Office accommodation to the first and second floors, previously occupied by a Solicitors firm but more recently, having been converted into informal living accommodation.

The property is predominantly of brick construction with part pitched tile roof and benefitting from part UPVC double glazed windows and part gas-fired central heating.

The property is located opposite the Aldi Supermarket in the busy Sparkhill Shopping Centre, providing a high level of passing vehicular and pedestrian trade.

Lease Information:
The property is held on two separate leases:
300 Stratford Road: Restaurant and Takeaway Premises trading as Caspian Pizza along with premises to rear of 300/302 Stratford Road, known as Koko Lounge and Rear First Floor accommodation, let on a full repairing and insuring lease at a rental of £35,000 per annum.

Note: The property has been occupied by the same tenant for approximately 21 years and the rear Function Room has been sublet with landlords approval.

Lease Info Continued:
302 Stratford Road: Barber's Shop, along with First and Second Floors over 300 and 302, formerly offices and now converted to informal living/HMO accommodation on a recently granted full repairing and insuring lease for a term of 25 years with five year rent reviews at a rental of £30,000 per annum.

Note: The First and Second Floor Accommodation has been sublet with Landlords Approval.

Total Current Rental: £65,000 per annum.

Accommodation
Ground Floor:
300 Stratford Road (Caspian Pizza):
Front Reception, Dining Area and Kitchen: 76.69 sq m (825 sq ft), Preparation Room and Kitchen Area: 31.53 sq m (339 sq ft), Rear Dining Area One: 51.19 sq m (551 sq ft), with further Kitchen and Seating Area. Toilet Accommodation: 18.3 sq m (197 sq ft) with two toilets, wash room and side access hall, Rear Dining Area Two: 32.97 sq m (354 sq ft) with seating, Store Room: 10.12 sq m (108 sq ft), internal stairs to rear first floor.

Rear First Floor
Room One: 42.48 sq m (457 sq ft) with bar area, toilet with wc and wash basin plus eaves storage, Room Two: 9.93 sq m (106 sq ft), Room Three: 14.82 sq m (159 sq ft), Room Four: 18.33 sq m (197 sq ft), with Shower Room.

302 Stratford Road - Barbers Salon: 44.41 sq m (478 sq ft), Toilet, having wc and wash basin.

Rear of 300/302 Stratford Road (Koko Lounge): 159 sq m (1,713 sq ft), with Function Hall, Kitchen and Toilets.



Front First Floor - Over 300 and 302 Stratford Road: Private side entrance, stairs and landing, Room One: 3.82 x 2.48m, Room Two: 4.47 x 4.37m, Room Three: 5.32 x 2.85m, Room Four: 3.44 x 2.86m, Room Five: 4.33 x 4.34m, Kitchen: 3.61 x 3.55m with Dining Area, Shower Room with wash basin and wc, Toilet with wc and wash basin.

Second Floor (Not Inspected)
Two Rooms, Kitchen and Shower Room.

EPC Rating:

Legal Documents:
Available at

Viewings: Via Cottons -

Completion
Completion will be three months following the date of the Auction/Exchange of Contracts.