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Retail - High Streets for auction in Wolverhampton

Create Alert 2 results Sorry, we currently do not have any listings in 0 miles of Wolverhampton - Please find below the nearest listings available.
New
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.

Location
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.

Tenure
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)

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

Services
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.
Viewings
Strictly by arrangement with the Auctioneers.

In Partnership with
GVA

Tenure
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
View Property
** UNSOLD - AVAILABLE AT £195,000 **


A Freehold Former Bank Premises, occupying a main High Street Location, considered suitable for a variety of alternative uses, including retail/leisure on the ground floor and offices on the first floor, subject to obtaining any appropriate planning permission

Property Description
The property comprises a two storey mid terraced former bank premises of brick construction under a flat roof. The ground floor comprises a former banking hall, interview rooms and office accommodation and has been extended to the rear to provide a strong room, male and female WCs, ancillary stores and boiler room. The first floor which benefits from a separate front door access and can also be accessed from the rear via an external fire escape was previously used as office and meeting rooms, and is currently used by a tutoring company.

Location
The property benefits from a central position in Blackheath's main retail pitch on the High Street, between Bell Street and Short Street junctions. The majority of occupiers in Blackheath are a mix of local independent retailers, however there is national and regional representation with William Hill, Iceland, Greggs, The Card Factory and the West Bromwich Building Society all within the general vicinity.

Blackheath is a Black Country suburban town located approximately 7 miles to the west of Birmingham City Centre.

Tenure
We understand the property is Freehold and vacant possession will be given upon completion, of the ground floor.
The first floor is let to a tutoring company at £7,500 per annum, the Lease expires on the 27th September 2018 and is contracted outside the Landlord &Tenant Act.

Accommodation
Ground Floor: 2,297 sq.ft. (213.36 sq.m.)
First Floor: 1,483 sq.ft. (137.81 sq.m.)
Total NIA: 3,780 sq.ft. (351.17 sq.m.)

Value Added Tax
We understand that VAT is not chargeable on this transaction.

Viewings
Strictly by arrangement with the Auctioneers.

IN PARTNERSHIP WITH
GVA

Tenure
Freehold. Vacant possession upon completion.
Former Bank Premises, 162, High Street, Rowley Regis, B65 0DX
A Freehold Former Bank Premises, occupying a main High Street Location
Type: Retail, Offices, Office, Leisure, Mixed Use, Retail - High Street, Other Property Types & Opportunities
Location: Former Bank Premises, 162 High Street, Rowley Regis, B65 0DX
Size: 3780 Sq Ft
Images: 1
Brochures: 2
View Property
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