247 High Street, Erdington, Birmingham, B23 6SS

A Substantial Town Centre Freehold Commercial Property With Development Potential

Property details

Type Investment, Land/Development, Office
Tenure Freehold
Price Guide Price: £280,000
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Features
  • Prominent town centre corner location
  • Substantial three story property – 3,224 sq.ft. ( 299.62 sq m) or thereabouts
  • Large open plan ground floor shop with rear access
  • 1 & 2 floor offices – currently vacant with development potential (STP)
  • Ground floor let at £1,000 pcm (available with vacant possession if required)
  • Guide Price - £280,000
Description

The property comprises a substantial 3 storey corner commercial property which benefits from rear access. The ground floor comprises a large open plan shop whilst to the first & second floors there are former offices in need of development/refurbishment.

Location
The property occupies a prominent corner position along the High Street within the popular Birmingham suburb of Erdington. Situated at the junction with Coton Lane benefits from national occupiers in close proximity include Betfred, Greggs, Ladbrokes, Cancer Research, Peacocks, Farmfoods, Merkur and Poundland.
Accommodation
Ground Floor ( retail) - 2,119 sq. ft.
First Floor ( offices) - 537 sq. ft.
Second Floor ( offices) - 568 sq. ft.
Total - 3,224 sq. ft.
Tenure
Freehold
Price
Offers based on £280,000 are sought for the freehold interest.
Additional Information
RATEABLE VALUE -
Current rateable value (1 April 2023 to present)
Ground Floor - £12,750
1 & 2 Floors - £7,500
VAT
We are advised that Vat is not applicable, but purchasers should verify this themselves.
EPC
D
Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.
Anti 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.