123 Stourbridge Road, Halesowen, B63 3UA
A freehold detached retail investment in Halesowen
Guide price*
£395,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Commercial Investment
Auction details:
Thursday 9th July 2026 @ 08:30AM
A freehold detached retail investment opportunity Current rental income: £24,500 pa.
Property Description
The property comprises an extremely well presented two storey detached property currently occupied by Vets Four Pets as a veterinary centre. The property is well presented throughout and has undergone significant improvements throughout including new windows demonstrating tenant commitment to the location. The ground floor consists of an open plan reception area leading onto a number of consulting rooms and WC’s.There is rear access to the car park. The first floor comprises of offices and kitchen and WC facilities. Additionally, there is a 2nd floor attic area.
Location
The property occupies a prominent position set back on the main A458 Stourbridge Road just outside Halesowen town centre. Surrounded by a densely populated residential area, the property is well placed for the current occupiers to serve the nearby community. The property lies within easy reach of public transport and nearby amenities include Esso Petrol Station, The King Edward VII public house and various independent retailers, along with Halesowen Town Football Club to the rear. Halesowen Town centre lies 0.5 miles to the east is situated some 7 miles west of Birmingham city centre and forms part of the West Midlands conurbation. The town is served by the A456 dual carriageway and the A458, both of which provide a rapid link to the M5 Motorway (Junction 3) 2 miles away.Accommodation
Ground Floor: 1,129 sq.ft (104.9 sq.m.) approx.First Floor: 837 sq.ft. (778 sq.m.) approx.
Total: 1,966 sq.ft. (182.7 sq.m.) approx.
Externally, there are car parks to both the front and rear of the property for approximately 12 vehicles. The car park is block paved and there is gated side access serving the rear of the property.
Energy Performance Rating
C.Tenure
Freehold – Subject to the existing tenancy.Tenancy Details
The property is let in it’s entirety to Vets For Pets on a renewed 15 year lease from 4th November 2022, expiring on 3rd November 2037.The passing rent is £24,500 per annum which is payable quarterly in advance. There are rent reviews and break clauses at 4the November 2027 and 4th November 2032. The tenant has been in occupation for over 20 years.
Value Added Tax
We are advised that VAT is applicable to the purchase price, although the sale is likely to be treated as a TOGC.Pre-auction Offers
Please note that offers in excess of the guide price may be considered prior to the Auction Sale.Viewings
Strictly by appointment with the Auctioneers. Please complete the ‘request a viewing’ form or contact the office.DISCLAIMER
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 include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
VIEWINGS
Buyers are deemed to have viewed the property (if access is available), viewed the virtual tours where applicable and undertaken all their due diligence checks prior to bidding.
All viewings are undertaken at your own risk. It is recommended that you take a torch, as not all properties have electricity, and that appropriate clothing is worn. Bond Wolfe under no circumstances shall be liable and will not accept any responsibility for any indirect incidental, consequential, special, or exemplary damages, injury and/or death arising in connection with your access to any property, caused as a result of the property’s state of repair or your use/decision to use your own equipment or any furniture, equipment or appliances in the property.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
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.
COSTS AT AUCTION
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 £2,700 inc VAT (£2,250 + 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 has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. 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.
