£575,000

Retail premises for sale

  1.  New External 1.Jpeg
Freehold

£575,000

(£342.87/sq. ft)

Retail premises for sale

1117-1119A Warwick Road, Acocks Green, Birmingham B27

1,677 sq. ft

Local area information

Property location

Nearby amenities

  • Holy Souls Catholic Primary School 0.1 miles
  • Archbishop Ilsley Catholic School 0.1 miles
  • Acocks Green 0.2 miles
  • Spring Road 0.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Freehold
Key Points

  • 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.

    Viewings

    Viewings are strictly via Siddall Jones.

    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.

    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.

    More information

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    Property descriptions and related information displayed on this page are marketing materials provided by - Siddall Jones Limited. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Siddall Jones Limited for full details and further information.

    1. Zoopla
    2. Commercial for sale
    3. West Midlands
    4. Birmingham
    5. Acocks Green
    6. Warwick Road

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