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    Key features

    • Freehold Mixed Use Investment
    • Comprising 3 shops, 3 self-contained maisonettes and 8 garages
    • Well located within the Bournville ward of Birmingham
    • Majority let with ongoing asset management potential
    • VAT is not applicable
    • Six Week Completion Available
    • Total Current Rents Reserved £75,120 p.a. plus 2 vacant garages (reflecting 11.55% GIY)

    Description

    The property is arranged to provide 3 ground floor shops with 3 self-contained 3 bedroom maisonettes above. To the rear of the block are 8 garages.

    Two of the maisonettes are let on AST's while the third is let together with Unit 3.

    Additional information

    Tenure

    Freehold

    Accommodation

    Unit 1 - 86.1 sq m (927 sq ft)

    Unit 2 - 99.9 sq m (1,075 sq ft)

    Unit 3 - 91.5 sq m (985 sq ft)

    Flat 1 - 91 sq m (980 sq ft)

    Flat 2 - 91 sq m (980 sq ft)

    Flat 3 - 102 sq m (1,098 sq ft)

    Total - 562 sq m (6,045 sq ft)


    Plus 8 garages

    Tenancy

    Please see the below Schedule of Accommodation and Tenancies


    N.b. Unit 3 - 20th June 2023 Rent Review remains outstanding. Time is not of the essence.

    Rent

    £75,120 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior

    to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Cotteridge is a residential suburb and B30 postcode area within the Bournville ward of Birmingham, England, known for its independent shops, green spaces, and village-like atmosphere, while also providing good access to the city centre.

      Cotteridge is within the Bournville ward, home to Cadbury World which attracts over 600,000 visitors annually.

      Nearby occupiers include Heron Foods, Spar, Subway and Poundstretcher amongst others.

      Transport

      Rail - Kings Norton Railway station is a c. 5 minute walk away and provides regular services to Birmingham New Street, Bromsgrove and Redditch amongst others.

      Road - Access into Birmingham City Centre to the north is via the A4040 and A38. to the south is the M42 motorway.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums