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Retail - High Streets for auction in Warwickshire

Create Alert 1 result Sorry, we currently do not have any listings in 0 miles of Warwickshire - Please find below the nearest listings available.
Auction venue
Aston Villa FC, Holte Suite, Trinity Road, Birmingham, B6 6HE
24th October 2018 at 10:30 am

Guide Price* offers in excess of £1.1m
plus fees

Freehold Mixed Use Investment with Excellent Asset Management Potential - Gross Rent Passing of £119,040 p.a.x. - Potential Gross Rent of £131,092 p.a.x.

Property Description
The properties comprise a fully let high street retail parade of 5 no. retail units, 2 no. restaurants/bars with 6 no. residential apartments over (one 2 bed and five 1 beds) and communal gardens to the rear.

The retail units are of similar specification and configuration, ranging from approx. 467 sq.ft. to 577 sq.ft. The restaurants/bars are larger ranging from approx. 1,532 sq.ft. to 1,914 sq.ft., are double fronted and have specifications more suited to their use.

To the first floor there are five 1 bedroom apartments and one 2 bedroom apartment, generally providing lounge, kitchen, bedroom(s) and bathroom.

The properties are situated in a prominent position on Three Shires Oak Road in Bearwood, Smethwick. A busy high street retail location less than 0.5 mile from the A456 Hagley Road.

Birmingham City Centre is approximately 4 miles east and West Bromwich Town Centre is 3.5 miles north west. There are a number of train stations within close proximity and a regular bus service into Birmingham City Centre.

We understand the properties are held Freehold and are being sold subject to the existing tenancies as highlighted on the Tenancy Schedule.

Tenancy Schedule
See Marketing Pack on https://gva.app.box.com/s/0n3e1onzcfehuj7feq2yp5oyzlesapho

*The Landlord is currently negotiating new leases with the tenants of 107 & 111 Three Shires Oak Road (terms to be agreed)

We understand the property has planning consent for its existing uses. Interested parties to rely on their own enquiries with Sandwell Metropolitan Borough Council.

We understand all mains services are available. These services have not been tested and all interested parties should rely upon their own enquiries.

Value Added Tax
All prices quoted are exclusive of VAT.

Auctioneers Note
Please note that there will be a 6 week completion on this Lot and not the usual 28 days.

All pre-auction offers will be considered. If a satisfactory offer is received and exchange of contracts (by way of auction contract) takes place prior to the 24th October 2018, then the property will be immediately withdrawn from the auction.
Strictly by arrangement with the Auctioneers.

In Partnership with

Freehold. Commercial investment.
105-111 & 113-114, Three Shires Oak Road, Smethwick, B67 5BT
Freehold Mixed Use Investment with Excellent Asset Management Potential - Gross Rent Passing of £119,040 p.a.x. - Potential Gross ...
Type: Retail, Mixed use, Flat, Retail - High Street, Pubs/Bars/Clubs, Restaurant/Cafes, Other Property Types & Opportunities, Residential, Licensed & Leisure
Location: 105-111 & 113-114 Three Shires Oak Road, Smethwick, B67 5BT
Images: 18
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