Commercial Property
Location
Value Added Tax
The property benefits from a highly prominent road frontage to the main A34 Stratford Road, close to its junction with Showell Green Lane and being situated approximately 2 miles south east of Birmingham City Centre. The property is situated within a densely developed mixed commercial and residential environment and is close to the borders of Moseley, Hall Green and Acocks Green. As such, it benefits from an excellent potential catchment area for future alternative uses, together with a high level of potential passing trade throughout the day.
All interested parties should make their own enquiries of the Planning Department of the Birmingham City Council to satisfy themselves to their intended future use.
VAT will not be chargeable on this transaction.
This substantial mid terraced block of originally four individual units which has been extended to the rear, is predominantly traditional three storey brick construction with a tiled roof. The property has a prominent frontage to Stratford Road behind which the space is fully interconnecting and divided to create a reception area, a number of training rooms, staff rooms, WCs and storage. The property has in more recent years been used as an educational college and is well presented throughout.
Externally, the property has a rear access from a courtyard parking area, providing up to 7 car parking spaces with a shared gated vehicular access off Baker Street. Additionally, there is a brick built external lock-up store. Internally, all the main training rooms are air conditioned and the property is heated throughout by a system of radiators. The upper floors are fully accessible from a Kone 8 person 630kg lift and there are staircases towards the rear of the premises. There is an interconnecting cellar providing additional storage beneath the property's frontage with access from a single staircase. The two self-contained retail units are at either end of the main frontage.
The subject premises offer a rare opportunity to acquire a substantial block of property, fronting the main Stratford Road, Sparkhill and which has extensive potential for conversion to a range of alternative commercial uses, such as community uses, retail, office, residential or a mix of these, subject to obtaining the necessary planning consents.
Commercial Vacant Possession
A Substantial Freehold Former Educational Premises with the potential for a variety of alternative uses, subject to planning, together with Two Retail Investment Properties
518 Stratford Road - Ground Floor
Is let by way of a Lease to Hot Mobiles B6 Retail, who are currently holding over at a rental of £20,000 per annum. We understand that new terms have been agreed for a new 3 year Lease.
524 Stratford Road - Ground Floor
Let for term of 2 years with effect from 10th January 2014, at a rental of £12,000 per annum.
Copies of the Leases are available for inspection within the legal pack.
We understand that the property is Freehold and vacant possession will be given upon completion of the vacant former educational premises.
Strictly by arrangement with the Auctioneers.
