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101-102 Three Shires Oak Road, Bearwood, Smethwick, West Midlands, B67 5BT

Guide Price
£245,000
Cottons, Auctions
PROPERTY TYPE

Restaurant

BEDROOMS

2

SIZE

Ask agent

Description

Guide Price = £230,000 - £245,000

Property for auction on 10th September at 13:00 at Avery Fields, 79 Sandon Road, Edgbaston, Birmingham B17 8DT

Property Description:
A pair of traditional two storey mid terrace properties constructed circa. 1900s of brick wall construction surmounted by a pitched roof and now combined to form a ground floor unit currently operating as a restaurant with first floor residential living accommodation. All external windows to the first floor are uPVC framed with sealed double-glazed units and the property has a gas fired central heating system.

The property is situated on Three Shires Oak Road (B4182) circa. 110 m from the junction of Bearwood Road (A4030) on the perimeter to Bearwood's main shopping district in a mixed residential and commercial location, conveniently situated approximately 1.5 miles from Smethwick Rolfe Street Train Station and 3.5 miles from Birmingham City Centre.

The property is let on a full repair and insuring (FRI) lease from and including 6th February 2024 to and including 5th February 2039 at a current rent of £18,000 per annum with upward only rent review dates every 3rd anniversary and with no tenant break clauses. The current tenants have been in occupation since 30th September 2014.

Accommodation:
Ground Floor
Restaurant Area: (9.31m x 7.24m) currently accommodating 32 covers with bar and grill, Kitchen: (6.59m x 3.16m), Store Room One: (4.12 x 2.35m), Store Room Two: (2.78m maximum x 2.22m maximum), Cellar: (uninspected) and Customer Ladies and Gents WCs.

First Floor
Stairs and Landing, Living Room/Kitchen: (4.82m x 3.54m), Living Room/Store: (4.82m x 3.58m), Bedroom One: (3.64m x 3.54m), Bedroom Two: (3.64m x 3.58m), Two Shower Rooms, both with shower cubicles, wash basins and WCs.

Outside:
Rear Courtyard and tenant erected wooden outbuildings.

Net Internal Area (Commercial Area): 102.75 sq. metres
Gross Internal Area (Residential Accommodation): 84.93 sq. metres

Rateable Value (Commercial Area): 1st April 2023 to present : £15,750
Council Tax Band (Residential Area): A
EPC: C

Legal Documents:
Available at



Viewings:
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Brochures

General ConditionsViewing TimesImportant NoticesCommon Auction ConditionsBuyers Guide to AuctionLegal Documents

Energy Performance Certificates

EPC 1

101-102 Three Shires Oak Road, Bearwood, Smethwick, West Midlands, B67 5BT

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Smethwick Galton Bridge Tram Stop1.1 miles
  • Smethwick Rolfe Street Station1.3 miles
  • Langley Green Station1.8 miles
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About Cottons, Auctions

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

Cottons Chartered Surveyors - 'The Property Specialists'

One of Birmingham's longest standing property companies in existence for well in excess of 55 years and well established at providing a range of services including;

Auctions - Cottons are one of the West Midlands largest property auctioneers with regular sale rooms taking place at Aston Villa Football Club.

Residential Sales - Selling properties both within our local areas and across Birmingham.

Notes

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Disclaimer - Property reference 304220. 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 Cottons, Auctions. 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.

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 387 6518.

*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.”

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