24 November 2026: Tuesday 24 November 2026 - 9:00am
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Floorplan
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    Key features

    • To be offered on Wednesday 22 April
    • A long leasehold ground floor & part basement commercial investment
    • An approx. 3,907 sq ft (363 sqm)
    • Let on a 10 year FR&I lease from 2021 (Reversion 2031) an approx. 5+ years unexpired
    • Tenant break option for August 2026 Not Served
    • Open market rent reviews (upwards only) from August 2024 (not implemented) & rolling every 3 years after
    • Let to a multi site operator providing high-end interiors
    • The interior has been finished to a very high specification
    • 6 week completion available
    • Investment let at £65,000 p.a. (9.28% GIY on guide price)

    Description

    A long leasehold investment opportunity situated across Ground and Basement. The property amounts to an approx. 3,907 sq ft and has been fitted out to a very high specification. The current tenant is a multiple site operator and specialises in high-end interiors. Click here for the website.

    The property offers asset management potential to improve the passing rent through the the un-implemented rent review in 2024.

    Additional information

    Tenure

    Long Leasehold - held on a 999 year leasehold from on 28th July 2016. ground rent £10 per annum 

    Accommodation

    Please refer to the floor plan

    Tenancy

    Derwent Works

    • Let to Domus Tiles Limited (TA Domus)
    • Let on a 10 year FR&I lease from 2021 (Reversion 2031)
    • An approx. 5+ years unexpired term
    • Tenant break option for August 2026 Not Served
    • Open market rent reviews (upwards only) August 2024 (not implemented) & rolling every 3 years after

    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. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

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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

      Derwent Works is situated on Henrietta Street, just off Constitution Hill, on the northern fringe of Birmingham city centre. The property lies close to the Jewellery Quarter, a well‑established commercial and residential area. Benefitting from good connectivity to the A38(M) Aston Expressway, providing direct access to the wider motorway network. Jewellery Quarter rail and tram stations are within walking distance offering convenient links to Birmingham New Street and beyond.

      Transport

      Birmingham Snow Hill train station located an approx. 0.2 miles from the property.

      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.

      •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.

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