0 bed (for sale) High Street, Erdington, Birmingham B23
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published
17th Jan 2023
Last Published
18th Jan 2023
Features
- Type:
- Bedrooms: 0
- Listing status: sale
- Country: England
Description
Description
The opa are pleased to present this exciting opportunity to acquire three prime retail units (10,262 Sqft) fronting Erdington High Street and circa 48,000 Sqft of vacant office space with planning for Conversion into 23 Apartments and may be sold STP for 47 residential apartments. The site further boasts a secured gated car park with approx. 40 parking spaces and loading bay.
The site comprises a large 3- and 4-storey flat roof building on the corner of High Street and Newman Road in Erdington. The site is situated within the Primary Shopping Area of the Erdington Local Centre and comprises retail uses, including a farmfoods supermarket, on the ground floor and offices on the upper floors.
Accommodation
Retail Units
The premises comprise of 3 x ground floor sales with rear ancillary stores and staff facilities.
Office Units
The offices are set over three floors, offering very well laid out bright and airy accommodation. The offices boast 2 lifts (and service lift), each floor has wc facilities, kitchen areas and a mixture of open plan and executive offices, air conditioning and central heating facilities.
Tenure
The office accommodation is vacant and two of the retail units are let and producing income of £72,500 p.a.
See schedule below:
Retail Unit 1 £30,000 Rent p.a
Lease Expiry 18/07/2028
Rent Review : 2026
Retail Unit 2 vacant
Potential Rental Income Circa £25,000
Retail Unit 3 £42,500
Lease Expiry 24/03/2023
Planning
2021/09918/pa - Prior approval notification for a change of use of upper floors from office (Use Class E(g)(i)) to 23 no. Apartments (Use Class C3).
We are advised that the property may be sold subject to planning for 47 apartments:
Summary of proposed 47 apartments
36 x 1 Beds
10 x 2 Beds
1 Studio
1 Overnight Concierge Accommodation
First Floor Areas Accommodation Floor Area (SqM)
01 1 Bedroom 57
02 2 Bedroom 68
03 2 Bedroom 68
04 2 Bedroom 43
05 1 Bedroom 43
06 1 Bedroom 44
07 1 Bedroom 54
08 1 Bedroom 50
09 2 Bedroom 61
10 2 Bedroom 78
11 2 Bedroom 70
12 1 Bedroom 44
13 1 Bedroom 43
14 1 Bedroom 63
15 1 Bedroom 64
16 1 Bedroom 57
17 1 Bedroom 45
18 1 Bedroom 45
Communal 40
Circulation 337
Second Floor Areas
19 1 Bedroom 56
20 2 Bedroom 68
21 2 Bedroom 68
22 1 Bedroom 43
23 1 Bedroom 43
24 1 Bedroom 44
25 1 Bedroom 54
26 1 Bedroom 50
27 1 Bedroom 56
Staff Accommodation 57
28 1 Bedroom 58
29 1 Bedroom 45
30 1 Bedroom 46
31 1 Bedroom 65
32 1 Bedroom 55
33 1 Bedroom 53
34 2 Bedroom 68
35 1 Bedroom 43
36 1 Bedroom 44
Gym 40
Common Room 46
Circulation 411
Third Floor Areas
37 1 Bedroom 66
38 1 Bedroom 48
39 1 Bedroom 49
40 1 Bedroom 49
41 1 Bedroom 52
42 1 Bedroom 52
43 1 Bedroom 51
44 2 Bedroom 74
45 2 Bedroom 75
46 2 Bedroom 85
Circulation 98
Location
The property is situated to the southern end of Erdington High Street. Erdington is located approximately 5 miles north west of Birmingham City Centre in close proximity to the countries motorway network, via junction 6 of the M6 motorway.
The immediate area is a mixture of multiple retailers and local traders, with multiple retailers being Greggs, Ladbrokes, Halifax, Coral Bookmakers, Lloyds, Scope and Iceland.
EPC- D
VAT
We understand VAT is payable. However, it is understood the sale would be treated as a togc.
Viewings
Please contact The Online Property Agency for viewings.
Buyers fee
Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400. (All fees inclusive of VAT). T&Cs apply.
The opa’s “Secure It Now Exclusivity Package”
This property is being offered under The opa’s “Secure It Now Exclusivity Package”
This is an innovative secure and straightforward way to purchase this property.
Here are the benefits for you:
• Secure your dream property straight away
• Properties are realistically priced
• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller
• Focuses on speed
• Mortgage buyer friendly
• Suitable for first time buyer
• Mortgage buyers and cash buyers compete on equal terms
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :
• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )
• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping and the
• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances
Step 3 - Arrange a viewing / Virtual Tour
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.
Please note this is a non-refundable exclusivity fee in addition to the purchase price.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.
“Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The opa.”
Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.
In accordance with Section 21 of the Estate Agents Act 1979 an interest is declared in that the vendor of the property is a relative of a Partner of The Online Property Agency Ltd
Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.
Local info for B23
Property Value Data/Graphs for B23
| Property Type | % | Avg. current value | Avg. # beds | Avg. # bathrooms |
|---|---|---|---|---|
| Semi-detached house | 28.7% | £219,390 | 3.3 | 1.1 |
| Flat | 21.3% | £130,035 | 1.9 | 1.2 |
| Terraced house | 21.3% | £201,976 | 3.5 | 1.2 |
| Detached house | 10.7% | £274,524 | 3.1 | 1.5 |
| End terrace house | 8.4% | £203,130 | 2.7 | 1.1 |
| Other | 5.1% | £590,555 | 1.7 | 1.1 |
| Maisonette | 3.4% | £116,667 | 2.3 | 1 |
| Link-detached house | 1.1% | £342,500 | 4 | 1 |
Area Information
Average Price Paid
£0
Sales
0
Current Average Value
£217,799
Value Change
£217,799 0%
Current Asking Prices in B23 Average: £217,799
| Property Type | 1 Bed | 2 Beds | 3 Beds | 4 Beds | 5 Beds |
|---|---|---|---|---|---|
| Houses | £50,000 (1) | £181,906 (32) | £212,951 (67) | £275,661 (18) | £298,333 (3) |
| Flats | £104,167 (6) | £126,951 (34) | £128,333 (3) | £315,000 (1) | - |
| All | £96,429 (7) | £153,596 (66) | £209,325 (70) | £277,732 (19) | £298,333 (3) |
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