No longer on the market
This property is no longer on the market
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MapRetail property (high street)
Retail property (high street)
1,677 sq ft / 156 sq m
Features and description
- Tenure: Freehold
- Freehold Tenure
- Acocks Green Main High Street
- 3x Ground Floor Units
- £49,800 PA (excl) Rental
- Units Recently Refurbished
- Ground Rents Income of £680.80 PA
Description
The property comprises a terrace of three retail units within a mixed residential and commercial block.
The units have all been refurbished by the existing tenants and comprise large open plan sales areas with welfare and storage facilities to the rear.
Loading is provided via a side driveway that allows convenient access to the rear of the shops.
Location
The property occupies a prominent position fronting the Warwick Road which forms Acocks Green main High Street.
Acocks Green is a busy suburb of Birmingham located 5 miles south east of Birmingham City Centre and 4 miles north west of Solihull Town Centre.
The high street boasts a number of local and national occupiers including: Costa, Burtons, WH Smith, Shoe Zone, Dorothy Perkins, Peacocks, Savers, The Works and Greggs.
Viewings
Viewings are strictly via Siddall Jones.
Terms
We are offering the freehold interest of the block to include the ground retail units and the freehold ground rents for the four residential units which have been sold off.
The residential element has been sold on a long lease expiring in 2126 with a current ground rental of £170.20 per annum payable per unit plus maintenance and insurance recharges.
Offers in the region of £575,000 are sought, subject to contract.
Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
VAT
The property is elected for VAT and VAT will be payable on the purchase price.
It is anticipated that the sale will be treated as a TOGC.
Legal fees
Each party will be responsible for their own legal and surveyors costs incurred during this transaction.
Viewing
The property may be inspected by prior appointment through the vendors sole selling agent Siddall Jones.
The property comprises a terrace of three retail units within a mixed residential and commercial block.
The units have all been refurbished by the existing tenants and comprise large open plan sales areas with welfare and storage facilities to the rear.
Loading is provided via a side driveway that allows convenient access to the rear of the shops.
Location
The property occupies a prominent position fronting the Warwick Road which forms Acocks Green main High Street.
Acocks Green is a busy suburb of Birmingham located 5 miles south east of Birmingham City Centre and 4 miles north west of Solihull Town Centre.
The high street boasts a number of local and national occupiers including: Costa, Burtons, WH Smith, Shoe Zone, Dorothy Perkins, Peacocks, Savers, The Works and Greggs.
Viewings
Viewings are strictly via Siddall Jones.
Terms
We are offering the freehold interest of the block to include the ground retail units and the freehold ground rents for the four residential units which have been sold off.
The residential element has been sold on a long lease expiring in 2126 with a current ground rental of £170.20 per annum payable per unit plus maintenance and insurance recharges.
Offers in the region of £575,000 are sought, subject to contract.
Money Laundering
In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.
VAT
The property is elected for VAT and VAT will be payable on the purchase price.
It is anticipated that the sale will be treated as a TOGC.
Legal fees
Each party will be responsible for their own legal and surveyors costs incurred during this transaction.
Viewing
The property may be inspected by prior appointment through the vendors sole selling agent Siddall Jones.
Property information from this agent
About this agent
Siddall Jones - Birmingham
The Mint, 95 Icknield Street
Birmingham, West Midlands
B18 6RU
0121 721 2616SiddallJones are an independent firm of commercial property consultants based in Birmingham and covering the West Midlands region. We are multi disciplined businesses who pride ourselves in delivering the highest standard of client care, using our knowledge and experience of local and regional markets to provide a range of services to our local and national clients. Since our inception we have secured over one million sq ft of commercial agency instructions. Our clients vary from sole traders to multi nationals, but we trade on the basic value of treating all clients equally and offering the highest standards of care and professionalism throughout our instructions.
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