Property photos
Just added
Auction
Freehold
Guide price
£185,000
Retail premises for sale
24 Shaftmoor Lane, Acocks Green, Birmingham B27Local area information
Property location
Nearby amenities
- Al-Burhan Grammar School 0.1 miles
- Spring Road 0.1 miles
- Yarnfield Primary School 0.2 miles
- Hall Green 0.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Freehold Subject to a lease for 28 years with effect from 19th January 2005 expiring on 18th January 2033. The rent passing is £18,500 pa, and there is provision for a rent review every...
For Sale By Public Auction on 26 March starting at 08:30 am - A well let freehold retail investment property standing within a busy neighbourhood shopping parade. Current rental income £18,500 pa (Outstanding rent review January 2026)
The property comprises a two storey mid terraced retail unit operating as a well established Chinese takeaway, and occupied by the existing tenant for over 20 years, and trading as 'Shanghai Wok'.
The accommodation provides on the ground floor the main retail area with trade counter and customer waiting area, commercial kitchen, stores, staff WC. On the first floor there is a landing, shower room with WC, lounge and bedroom.
To the rear there is a regular shaped rear garden which is considered to offer the potential to extend the property, similar to neighboring properties, subject to any necessary planning permission.
Location
The property occupies a prominent position within a parade of similar properties fronting the Northern side of Shaftmoor Lane near it's junction with Spring Lane and Olton Boulevard East.
Shaftmoor Lane is a busy local route throughout the day and the property is considered to occupy an excellent catchment area for trade for it's existing use, as a well established hot food takeaway.
Energy Performance Rating
E
Tenure
Freehold Subject to a lease for 28 years with effect from 19th January 2005 expiring on 18th January 2033.
The rent passing is £18,500 pa, and there is provision for a rent review every 3 years. It should be noted that there is an outstanding rent review falling on 19th January 2026, which is yet to be implemented, and gives the new owner the opportunity to secure an increased rental.
A copy of the lease will be available for inspection within the legal pack.
Value Added Tax
We understand VAT is not applicable on this transaction.
Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
The property comprises a two storey mid terraced retail unit operating as a well established Chinese takeaway, and occupied by the existing tenant for over 20 years, and trading as 'Shanghai Wok'.
The accommodation provides on the ground floor the main retail area with trade counter and customer waiting area, commercial kitchen, stores, staff WC. On the first floor there is a landing, shower room with WC, lounge and bedroom.
To the rear there is a regular shaped rear garden which is considered to offer the potential to extend the property, similar to neighboring properties, subject to any necessary planning permission.
Location
The property occupies a prominent position within a parade of similar properties fronting the Northern side of Shaftmoor Lane near it's junction with Spring Lane and Olton Boulevard East.
Shaftmoor Lane is a busy local route throughout the day and the property is considered to occupy an excellent catchment area for trade for it's existing use, as a well established hot food takeaway.
Energy Performance Rating
E
Tenure
Freehold Subject to a lease for 28 years with effect from 19th January 2005 expiring on 18th January 2033.
The rent passing is £18,500 pa, and there is provision for a rent review every 3 years. It should be noted that there is an outstanding rent review falling on 19th January 2026, which is yet to be implemented, and gives the new owner the opportunity to secure an increased rental.
A copy of the lease will be available for inspection within the legal pack.
Value Added Tax
We understand VAT is not applicable on this transaction.
Viewing Times
Strictly by appointment with the Auctioneers. Please complete the request a viewing' form or contact the office.
Live-streamed Auction
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction.
Disclaimer
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
Viewings
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
*Definition of Guide Price and Reserve
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
Costs at Auction
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer's gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £2,340 inc VAT (£1,950.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.
Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. The legal packs and further information about buying at auction are available on the Bond Wolfe's website.
More information
Listed by
Bond Wolfe Auctions
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Property descriptions and related information displayed on this page are marketing materials provided by - Bond Wolfe Auctions. 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 Bond Wolfe Auctions for full details and further information.