295 Vicarage Road, Kings Heath, Birmingham, B14 7NE

A Freehold Mixed Use Investment Property in Kings Heath

Guide price*


Plus fees

Sold prior to auction, for an undisclosed amount

Pound sign

Finance available on this property

Find out more
Mail icon

Enquire about this property

Lot 209 Commercial Investment Mixed Use Residential Investment
Save property

Auction details:

Thursday 9th September 2021 @ 09:00AM

Livestreamed Auction

A Freehold Mixed Use Investment Property Current Gross Income: £25,500 pa.

Property Description

The property comprises a substantial part three story, part two story end terrace property. To the ground floor there is an established retail unit (currently trading as a hair and beauty salon) with separate access from the front and also the side. To the first and second floors there are three self-contained one bedroom flats accessed via the side elevation on Kings Road.


The property occupies a prominent corner position at the junction of the A4040 Vicarage Road and Kings Road close to the centre of Kings Heath. Vicarage Road leads directly off the main Alcester Road South within immediate proximity of all local amenities and transport links.

Energy Performance Rating

See legal pack.


Freehold – Subject to the existing tenancies.

Tenancy Details

The ground floor is let to Tandis Hair & Beauty for a term of 15 years from 13/8/2018, expiring 12/8/2033, with five yearly rent reviews. The passing rent is £10,200 per annum.
Flat 1 – Let on an AST at £450 pcm Flat 2 – Let on an AST at £450 pcm Flat 3 – Let on an AST - £375 pcm
The combined total annual rent is £25,500 per annum.

Value Added Tax

VAT is not applicable on this transaction.

Remote Bidding Auction

This property is being offered via a remote bidding auction with bidding by proxy, telephone or internet only. You will need to pre-register for remote bidding, provide your identification and debit card details no later than 24 hours prior to the auction, please visit our website for further details.


Strictly by appointment with the Auctioneers.

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and all potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.


Please note that the Auction will be livestreamed via our website with Remote Bidding by Proxy, Telephone or Internet Only.  You must pre-register to bid for each auction no later than 24 hours prior to the auction.  Please click here for further details.


All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.


When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,680 inc VAT (£1,400.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for
the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘lot information’.  Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Register to bid for next auction