Retail premises for sale

Key Points

Description

The property comprises a terrace of three retail units within a mixed residential and commercial block.

The units have all been refurbished by the existing tenants and comprise large open plan sales areas with welfare and storage facilities to the rear.

Loading is provided via a side driveway that allows convenient access to the rear of the shops.

Location

The property occupies a prominent position fronting the Warwick Road which forms Acocks Green main High Street.

Acocks Green is a busy suburb of Birmingham located 5 miles south east of Birmingham City Centre and 4 miles north west of Solihull Town Centre.

The high street boasts a number of local and national occupiers including: Costa, Burtons, wh Smith, Shoe Zone, Dorothy Perkins, Peacocks, Savers, The Works and Greggs.

Viewings

Viewings are strictly via Siddall Jones.

Terms

We are offering the freehold interest of the block to include the ground retail units and the freehold ground rents for the four residential units which have been sold off.

The residential element has been sold on a long lease expiring in 2126 with a current ground rental of £170.20 per annum payable per unit plus maintenance and insurance recharges.

Offers in the region of £575,000 are sought, subject to contract.

Money Laundering

In accordance with Anti-Money Laundering Regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.

VAT

The property is elected for VAT and VAT will be payable on the purchase price.

It is anticipated that the sale will be treated as a togc.

Legal Fees

Each party will be responsible for their own legal and surveyors costs incurred during this transaction.

Viewing

The property may be inspected by prior appointment through the vendors sole selling agent Siddall Jones.