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    Key features

    • Freehold Retail Investment
    • Established Stechford trading location
    • Arranged over ground and first floors extending to approximately 921 sq ft
    • May offer potential for future redevleopment subject to consent
    • Let on a lease expiring 2029
    • Investment let at £8,000 p.a. (8.00% GIY on Guide Price)

    Description

    The property comprises a two-storey retail premises arranged over ground and first floors. The ground floor provides the principal retail accommodation together with ancillary office and kitchen facilities, with further office, storage and staff accommodation at first floor level.


    The property extends to approximately 85.6 sq m (921 sq ft) in total.

    Additional information

    Tenure

    Freehold

    Accommodation

    Ground Floor - 46.8 sq m (504 sq ft)

    First Floor - 38.8 sq m (418 sq ft)

    Total - 85.6 sq m (921 sq ft)

    Tenancy

    The property is let to Murray Rogers Limited on a lease for a term of 5 years from October 2024 at a current rent of £8,000 per annum.

    The lease provides for a rent review on the 3rd anniversary.

    Planning

    The property may offer potential for alternative use or redevelopment in the future, subject to the existing tenancy and all necessary planning and other statutory consents.


    Interested parties should make their own enquiries of Birmingham City Council regarding the planning history of the property and the suitability of any proposed use or development. Birmingham is the relevant planning authority for applications within B33.

    Rent

    £8,000 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.

      Local information

      The property is situated on Station Road in Stechford, an established commercial and residential suburb to the east of Birmingham city centre. Station Road provides a range of local retail and commercial uses serving the surrounding residential population.

      Transport

      Rail - The property benefits from its position on Station Road, with Stechford railway station serving the local area and providing rail connections towards Birmingham city centre and the wider rail network.


      Road - Road communications are provided by the surrounding Birmingham road network, with convenient access to other parts of the city and the wider West Midlands.

      Legal documents

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      EPC rating

      The EPC rating for this property is D

      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.

      •Some properties might be open to offers prior to auction. Exchange will take place, subject to contract and no higher offers, on auction terms and as per the legal pack. Please contact the auctioneer with your best and final offer, their details can be found on each lot page.

      •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