No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

Retail property (high street)

Auction
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Retail property (high street)
0 bed
0 bath

Property description & features

  • Tenure: Freehold
  • Underthehammer.com
  • Freehold
For Sale by under the hammer online auction 13th - 15th February 2024. Guide Price £229,000. A freehold successful investment property.

A RARE opportunity to acquire a freehold commercial premises with potential to create multiple apartments above and to the rear of this substantial building. Located in a prime position of Hagley Road surrounded by blue chip companies and excellent links into and around Birmingham City Centre with constant public transport passing the premises every 10 minutes.

A successful Italian restaurant running for 25+ years offering dine-in and takeaway services. 

Tenant currently paying £14,000 pa on a rolling lease with scope to increase.

The property consists of a great sized cellar perfect for extra storage space. Ground floor benefits from a two tiered dining area, bar/reception area, spacious kitchen and four storage rooms. Stairs lead up to a spacious dining area and male and female WC. Currently the second floor is an empty attic space used for storage.

EPC: D

Please note that the completion date for this property will not be effected by the Christmas period. 

*FREE VALUATIONS* 

For a free valuation on your property, worth £30, contact Royal Estates directly OR scan the QR code pictured above.  

BIDDING

For bidding please visit: underthehammer. com

*START PRICES & RESERVE PRICES

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Start Price. The Start Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest.

EPC

EPCs can be viewed in full on our website underthehammer. com on the sales details page or in the legal pack.

UNCONDITIONAL AUCTION DETAILS

Contracts are exchanged immediate at the end of the auction and a 5% deposit will be taken from the highest bidder. THIS DEPOSIT WILL CONTRIBUTE TOWARDS THE PURCHASE PRICE.

Completion will be 8 weeks. (56 days)

Every buyer must first create an account at underthehammer. com Remote bidding facilities are also available, contact the auction office for further details.

FULL TERMS & LEGAL DOCUMENTATION

Available at underthehammer. com

 

Places of interest

    Royal Estates are one of Birmingham's number one residential and commercial property specialists. From 2006 Royal Estates has earned a reputation as one of the most innovative and well known independent estate agents through Birmingham, Sandwell and its surrounding areas.  We know our business and the property market like no one else and every year we help thousands of clients and customers buy, sell, let, rent and manage their homes and investments. We appreciate the importance of developing long-term relationships with each of our clients. We understand that every area, every property and each individual client is different and that one size doesn't fit all, so while many agents focus purely on their sales processes, exceptional agencies like Royal Estates also focus on people and on delivering a truly excellent service to each and every one of its clients. That is why we employ some of the most experienced and most qualified agents in the industry and have our services regularly recognised.  We are not your typical estate agent and over the years we have demonstrated how we like to challenge tradition and improve the way the industry operates in response to consumer needs. We are known for our unique and comprehensive marketing, including our famous fleet of branded smart cars, dynamic café-style office, and our opulent property movies. Innovation is key to every area of our business and we are committed to delivering excellent service and exceeding our client's expectations.    Our team of diligent and trustworthy professionals has worked to create and maintain a business that strives to provide innovative real estate solutions to its clients at a local, national and international level.   Royal Estates of Birmingham provide a professional service for corporate and private landlords. Royal Estates has been successfully selling property for many years. Networking our offices and benefiting from being located on busy high street positions, we offer clients expert knowledge of the local area and additional selling services. Royal Estates is owned and run by two local brothers and landlords, who are dedicated to providing the very best property services with expertise including Sales, Lettings, Property Management, Commercial & Investment Properties.  If you are looking for a company to serve you with commitment, passion and energy; an agency that can combine local expertise with an international reach; and a knowledgeable, experienced team that you will enjoy working with and can trust, choose Royal Estates.

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    *DISCLAIMER

    Property reference 2844. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Royal Estates - Bearwood.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.