Commercial Property
False
The property occupies a prominent position fronting the southern side of the main A4217 St Mary's Row, close to its junction with the main A435 Alcester Road, within the heart of the popular Moseley Village. St Mary's Church lies immediately opposite the property, while surrounding occupiers include a number of restaurants, bars and pubs, mixed with retail, professional offices and residential.
There is considered to be a good mix of national and local operators within Moseley Village, as such, the property is considered to occupy a good immediate catchment area for a wide variety of alternative uses, subject to any appropriate planning permissions.
The property comprises a three storey character building, within a parade of similar properties. It currently trades as Pottery & Pieces a giftware shop which was established at the premises by the current owners in 1979. The property is being offered due to retirement.
The property is divided internally to provide open plan retail space, benefitting from a prominent glazed window frontage, having ancillary stores and useful basement area which provides storage. On the first and second floor, there are a range of rooms providing office space and further storage. Part of the first floor is self-contained with its own front door entrance and is currently occupied by a well established local Accountant. We understand that the property extends to approximately 3,948 sq.ft. (366.85 sq.m.).
It is considered possible to extend the property further at upper floor levels to create, or convert to residential uses, subject to any appropriate planning permission.
The property further benefits from a rear yard area, which provides direct access to a pay and display car park, from which visitors could access the property directly from the rear, with a number of the neighbouring properties within the parade already having a similar arrangement.
Commercial Vacant Possession
A Prime Freehold Retail Property with potential to develop further. Situated within the heart of Moseley Village. Considered suitable for a wide variety of alternative uses, subject to any appropriate Planning Consents
We understand that the property is Freehold and vacant possession will be given of the vast majority upon completion. Part of the first floor comprises a small office (approx. 550 sq.ft.), which is let by way of a 9 year Lease, expiring in April 2017, at a current rent of £11,700 per annum.
We understand that VAT will not be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
