Features
- Prominent corner location at junction of Alum Rock Road & Thornton Road
- Recently constructed development comprising 3 retail units & 4 apartments above
- 10 year New Build warranty and all 7 units have 'A'-rated EPCs
- Development extends to 4,629 sq. ft. (430.20 sq m)
- Superb investment opportunity with ERV of £95,000 per annum
- Freehold
- Offers in excess of £750,000 are sought for the Freehold interest.
Description
This substantial corner property comprises three ground floor retail units, and four self-contained first floor apartments. Constructed in late 2022, the property has been finished to a high standard with each unit benefiting from an A rating EPC. Further, the property benefits from a 10 year new build warranty.
The ground floor has three separate retail units, two fronting Alum Rock Road and one fronting Thornton Road. To the first floor, there are 2 x 2 bedroom apartments and 2 x 1 bedroom apartments. Additionally, there is a bin and cycle store.
Location
Occupying a highly prominent corner position at the intersection of Alum Rock Road and Thornton Road, this exceptional property forms part of the established and well frequented Pelham Shopping Centre. Set within a thriving and densely populated residential catchment, the location benefits from strong footfall and excellent visibility, making the commercial element ideally suited for a variety of commercial uses.
The property is superbly positioned to take advantage of significant local investment and outstanding connectivity, with key destinations including:
Approximately 0.5 miles from the vibrant Alum Rock and Fox & Goose District Shopping Centre
Approximately 0.5 miles from the forthcoming Washwood Heath HS2 Depot, set to drive substantial economic growth in the area
Approximately 0.9 miles from Birmingham Heartlands Hospital, one of the region’s major healthcare facilities
Approximately 2.8 miles from Aston University and Birmingham City University, providing access to a large student population
Approximately 2.9 miles from the landmark Curzon Street HS2 Station, offering high-speed connections into Birmingham City Centre and beyond
Approximately 3.4 miles from Birmingham City Centre, the commercial and cultural hub of the region
Approximately 5.9 miles from Birmingham Airport, ensuring excellent national and international connectivity
This strategic location combines strong local demand with future growth potential, presenting an outstanding opportunity for investors and occupiers alike.
Accommodation
Please see breakdown in brochure.
Tenure
Freehold, with vacant possession.
Price
Offers in excess of £750,000 are sought for the Freehold interest.
Planning
Planning consent was granted for the completed development via application numbers 2019/09251/PA. Copies of all supporting plans and documents are available upon request.
Services
There are mains services and three phase electric supplies to the three commercial units. There are fire alarm panels, smoke detectors, and emergency lighting installed on site.
VAT
We are advised that the property is not elected for VAT but purchasers should satisfy them selves in this regard.
EPC
Available upon request
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.
