£595,000

Retail premises for sale

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Auction
Freehold

Guide price

£595,000

Retail premises for sale

Bearwood Road, Smethwick, West Midlands B66

Local area information

Property location

Nearby amenities

  • Lordswood Boys' School 0.1 miles
  • Bearwood Primary School 0.3 miles
  • Smethwick Rolfe Street 1.6 miles
  • University (Birmingham) 2 miles

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

Features and description

  • Freehold
  • Kitchen Area
  • Retail Area
  • Busy High Street Location
  • Freehold
  • Storage Area
For Sale by under the hammer online auction date tbc. Guide Price £595,000. A freehold mixed use part investment property.

Viewing days & time:

Please enquire for viewing availability.

A rare opportunity to acquire a freehold commercial premises with potential to create multiple apartments above and to the rear of this substantial High Street building. Located in a prime position of Bearwood Road surrounded by blue chip companies, having one of the highest footfall for a high street in Birmingham.

Located close to Hagley Road having excellent links into and around Birmingham City Centre with constant public transport passing the premises every 10 minuets.

The property is currently part let (downstairs) on a Seven year Fri lease to a carpet shop, the rent will be as followed:

First Year (commencing June 2023): £30,000 pa

Second Year (commencing June 2024): £35,000 pa

Third Year+ (commencing June 2025): Rent review at market rent.

The upstairs of the property is accessed via a separate entrance from Bearwood Road which leads upto two floors or previous office space which would be ideal for a residential conversion on the first and second floors.

The commercial unit consists of a large retail frontage with a storage room located at the back with access via a rear service road ideal for unloading.

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

Floor plans and tours

Floor plans (2)

Floor plan 1
Floor plan 2

More information

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Property descriptions and related information displayed on this page are marketing materials provided by - Royal Estates. 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 Royal Estates for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. West Midlands
  4. Smethwick
  5. Bearwood
  6. Bearwood Road

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