Commercial Property
A freehold Investment opportunity situated in the Jewellery Quarter, within a highly sought after part of Birmingham City Centre. The property benefits from parking, scope to increase income and the flexibility to create a bespoke residential scheme of apartments subject to obtaining appropriate planning consent. Total Current income £97,860 per annum.
The accommodation is accessed from Regent Place and comprises two separate blocks, set back from the curb side with separate entrances for numbers 16, 20 and 22. We have not carried out a full survey of the premises but we noted several gas boilers serving radiators throughout, separate electrics and gas services and a generally high standard of maintenance.
The location benefits from excellent transport connections within easy reach, including Jewellery Quarter train station, metro, and bus stops. St Pauls square is a few minutes walk from the property and Colmore row with 10 minutes walk. Interested parties are advised to inspect the legal pack for more information.
Accommodation and Income Details:
Comprises 100 - 110 with a combined income of £3,660pcm (includes a service charge element).
Trading as a hair salon extending 450 Sq Ft held on a licence with total rent £970pcm.
Trading as a hair salon extending 185 Sq Ft held on a licence with total rent £360pcm.
Trading in advertising extending 275 Sq Ft held on a licence with total rent £460pcm.
Trading in aesthetics extending 185 Sq Ft held on a licence with total rent £370pcm.
Trading as a councillor extending 275 Sq Ft held on a licence with total rent £450pcm.
Involved in care held on a licence extending 960 Sq Ft with total rent £1050pcm.
An artist with accommodation extending 170 Sq Ft held on a licence with total rent £362.50pcm.
An Artist with accommodation extending 175 Sq Ft held on a licence with total rent £307.50pcm.
Comprises three stories with combined income £3,095pcm (includes service charge).
Void extending 1,612 Sq Ft. WC/kitchen facilities, fire escape.
Void extending 1,612 Sq Ft. WC/kitchen facilities, fire escape.
Occupied by an Artist extending 1612 Sq Ft with current rent passing of £1,610pcm.
Occupied by Architects extending 1,612 Sq Ft with current rent passing of £1,485pcm.
Occupied by a Tattoo Artist extending 1,500 Sq Ft with current rent passing £1,700pcm.
Externally the property benefits from a ground floor terraced area along with car parking.
Freehold. Subject to tenancy.
Yes
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 2% of the purchase price inc. VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
