334/348 High Street Harborne Birmingham B17 9PP

334/348 High Street
Harborne
Birmingham
B17 9PP

Freehold Retail/Residential Investment

  • Three Retail Units with Six Residential Units on Uppers
  • Tenants include Personal Training Services Limited and Midland Carpets & Furnishings Ltd
  • High Street Location just 1 mile from the University of Birmingham with nearby occupiers including The Co-Operative and Kumon Maths & English Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    44
  • Auction
    11th February 2016
  • Rent
    £71,528 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail/Residential Investment

  • Three Retail Units with Six Residential Units on Uppers
  • Tenants include Personal Training Services Limited and Midland Carpets & Furnishings Ltd
  • High Street Location just 1 mile from the University of Birmingham with nearby occupiers including The Co-Operative and Kumon Maths & English Centre
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 44
  • Auction 11th February 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers

Property Information

Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley and 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular area of Harborne, 4 miles south-west of Birmingham City Centre and 1 mile north-west of The University of Birmingham. The property is located at the western end of the High Street, close to its junction with Harborne Park Road (A4040). Nearby occupiers include The Co-Operative, Kumon Maths & English Centre and a number of local businesses.

Tenure

Freehold.

Location
Miles
4 miles south-west of Birmingham, 7 miles south-east of Dudley and 23 miles north-east of Worcester
Roads
A4040, A38, M5 (Junction 3)
Rail
University (Birmingham) Rail
Air
Birmingham International Airport
Situation

The property is situated in the popular area of Harborne, 4 miles south-west of Birmingham City Centre and 1 mile north-west of The University of Birmingham. The property is located at the western end of the High Street, close to its junction with Harborne Park Road (A4040). Nearby occupiers include The Co-Operative, Kumon Maths & English Centre and a number of local businesses.

Tenure

Freehold.

Description

The property comprises three ground floor retail units with six residential units above. The property benefits from a rear yard used for servicing/parking and six garages.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises three ground floor retail units with six residential units above. The property benefits from a rear yard used for servicing/parking and six garages.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 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 Reversion
334-340 Ground
First
Retail
Residential
632.47 sq m
4 x Two Bedroom Flats
(6,808 sq ft)
MIDLAND CARPETS & FURNISHINGS LTD (1) 5 years from
30/04/2014
£40,000 30/04/2019
342 Ground
First
Betting Office
Residential
97.82 sq m
1 x Two Bedroom Flat
(1,053 sq ft)
CORAL RACING LTD 5 years from09/12/2009 (3) £18,000 08/12/2014
344 Ground Gym
106.37 sq m
(1,145 sq ft)
PERSONAL TRAINING
SERVICES LIMITED
(t/a Tone Up UK)
5 years from 02/10/2012 £10,000 01/10/2017
346
Flat 6
First Residential
1 x Flat
INDIVIDUAL Regulated tenancy from 14/12/1987 £3,528 (4)  
Total Commercial Area           £71,528 (3)

(1) Midland Carpets & Furnishings have over 25 years experience, and offer a wide range of brands and fine selection of carpets, beds and furnishings. (Source: http://www.midlandcarpets.co.uk/ 18/12/2015)
(2) Some of the residential flats under the Midland Carpets & Furnishings Ltd lease have been sublet.
(3) The tenant of 342 High Street is holding over. They are not in occupation of the retail unit and the residential flat above is currently sublet at a rent of £480 pcm (£5,760 pa). Coral Racing Ltd have served notice to determine their tenancy on 28/03/2016.
(4) The rental income for the residential flat has been annualised.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    806 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    58 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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