183/184 & 184a High Street Blackheath Rowley Regis, Birmingham West Midlands B65 0DU

183/184 & 184a High Street
Blackheath
Rowley Regis, Birmingham
West Midlands
B65 0DU

Freehold Retail Investment

Majority let to a charity shop
Charity shop let to Age UK on renewed 10-year lease from April 2023 (subject to option)
Includes rear shop let on long lease
Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon
Tenant in occupation since at least 1996
In the same ownership for 23 years

Lot
20
Auction
13th December 2023
Rent
£10,000 per Annum Exclusive
Status
Sold
Price
£115,000
Auction Venue
Live Streamed Auction
On Behalf of Trustees of a Charity

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Freehold Retail Investment

Majority let to a charity shop
Charity shop let to Age UK on renewed 10-year lease from April 2023 (subject to option)
Includes rear shop let on long lease
Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon
Tenant in occupation since at least 1996
In the same ownership for 23 years

Lot 20
Auction 13th December 2023
Rent £10,000 per Annum Exclusive
Status Sold
Price £115,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction
On Behalf of Trustees of a Charity

Property Information

Location

Miles: 8 miles west of Birmingham, 10 miles south-east of Wolverhampton
Roads: A458, A4034, A4123, M5 (Junction 3)
Rail: Rowley Regis Train Station
Air: Birmingham Airport

Situation

The property is prominently situated in the heart of the town centre, on the north side of High Street. Nearby retailers include Iceland Supermarket, Sainsbury's, Poundland, Boots Pharmacy, Greggs and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 8 miles west of Birmingham, 10 miles south-east of Wolverhampton
Roads: A458, A4034, A4123, M5 (Junction 3)
Rail: Rowley Regis Train Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a charity shop arranged on the ground and first floors. To the rear of the property, there is a shop arranged on the ground floor only, let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Description

The property comprises a charity shop arranged on the ground and first floors. To the rear of the property, there is a shop arranged on the ground floor only, let on a long lease.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC's will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Address	Floor	Use	Floor Areas Approx sq m (1)	Floor Areas (Approx sq ft) (1)	Tenant	Term	Rent p.a.x.	Rent Review
183 High Street	Ground First	Retail/Ancillary Ancillary	46.40 88.20	(499) (949)	AGE UK (2)	10 years from 20/04/2023 (3)	£10,000	20/04/2028
184 & 184a High Street	Ground	Retail/Ancillary	-	(-)	M. HANIF	999 years from 01/01/2002	Peppercorn	-
Total			134.60	(1,448)			£10,000

(1) Areas provided by VOA (www.gov.uk/find-business-rates)
(2) Age UK help more than 10m people every year, providing companionship, advice and support for older people who need it most. They currently operate from over 400 stores throughout the UK (www.ageuk.org.uk).
(3) The lease is subject to a tenant only option to determine on 19/04/2028.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.