Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles west of Birmingham city centre, 10 miles north-east of Kidderminster, 23 miles north of Worcester
Roads
A458, A4036, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation
Cradley Heath is a popular suburb some 9 miles west of Birmingham city centre. The property is prominently situated on Valley Road near its junction with Barr Road. The location is less than ½ mile east of the busy Corngreaves and the Portersfield industrial estates.
Tenure
Freehold.
Location
Miles
9 miles west of Birmingham city centre, 10 miles north-east of Kidderminster, 23 miles north of Worcester
Roads
A458, A4036, M5
Rail
Cradley Heath Railway Station
Air
Birmingham Airport
Situation
Cradley Heath is a popular suburb some 9 miles west of Birmingham city centre. The property is prominently situated on Valley Road near its junction with Barr Road. The location is less than ½ mile east of the busy Corngreaves and the Portersfield industrial estates.
Tenure
Freehold.
Description
The property comprises an unbroken parade of eight retail units with 9 x two bedroom self-contained residential flats above. The property benefits from rear car parking. The residential flats are accessed from a separate entrance at the rear of the property.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an unbroken parade of eight retail units with 9 x two bedroom self-contained residential flats above. The property benefits from rear car parking. The residential flats are accessed from a separate entrance at the rear of the property.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
74- 78
Ground First
Children’s Centre
270.60 sq m 53.30 sq m
(2,913 sq ft) (574 sq ft)
THE BOROUGH COUNCIL OF SANDWELL (1)
From 09/05/2015 until 03/03/2017
£13,500
80- 82
Ground Ground
Retail Retail
80.60 sq m 81.70 sq m
(867 sq ft) (879 sq ft)
MR K SANGHA (t/a Valley Road Wines & Spirits and Sangha Newsagents) (2)
20 years from 16/04/2015 until 15/04/2035
£15,000
01/05/2020
84
Ground
Retail
75.70 sq m
(814 sq ft)
INDIVIDUAL (t/a Hanbys) (3)
3 years from 30/09/2013
£5,000
(23/06/2016)
86
Ground
Retail
87.40 sq m
(940 sq ft)
MR T SINGH (t/a Valley Road Chippy) (4)
15 years from 07/05/2015
£7,500
(08/05/2020)
88 90
Ground First
Retail Residential
58.60 sq m
(631 sq ft)
MR LAM (t/a Hong Kong Delight)
20 years from 29/09/2004
£8,424
29/09/2016 29/09/2020 (28/09/2024)
2 Bedroom Maisonette
92- 104A
First
Residential
8 Self-Contained 2 Bedroom Residential Units
INDIVIDUALS
8 separate Assured Shorthold Tenancies
£43,080
Total Commercial Area
707.90 sq m
(7,618 sq ft)
£92,504
1) The tenant has been in occupation since 2006. (2)The tenant has been in occupation since 1994. (3)The tenant has been in occupation since 2006. (4)The unit has traded as Valley Road Chippy since 1999.
